Armani Could Split 15% Stake Among L'Oreal, LVMH, EssilorLuxottica, Report Says
13 Articles
13 Articles
The partial divestiture of the Armani group could reshape the balance of Italian luxury. Fifteen percent of the capital would be divided between LVMH, L-Oréal and Essilor-Luxottica, according to the posthumous will of the disappeared creator.
The Italian fashion house Armani may divide a 15 percent minority stake that is being put up for sale among three prospective buyers, according to the newspaper La Repubblica. This sale is part of the wishes of founder Giorgio Armani, who passed away last year.
Armani is considering splitting among LVMH, L'Oréal, and EssilorLuxottica - RetailDetail EU
Instead of choosing one, Armani is exploring whether LVMH, L'Oréal, and EssilorLuxottica could each be given a slice of the pie. The late founder, Giorgio Armani, stipulated in his will that a minority stake (15%) be sold, preferably to one of those groups.
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