Brands
Armani may split 15 per cent stake sale between L’Oréal, LVMH and EssilorLuxottica
Report says late designer’s preferred buyers could each get equal share
MILAN: Giorgio Armani is reportedly considering splitting a planned 15 per cent stake sale equally among L’Oréal, LVMH and EssilorLuxottica following the death of founder Giorgio Armani last year.
According to a report by Italian daily la Repubblica, the luxury fashion house is exploring a structure that would allow all three companies, identified by Armani as preferred shareholders, to remain involved in the initial phase of the sale process.
The report said Giuseppe Marsocci is preparing a five-year business plan and is in the process of appointing advisers to oversee the transaction. The advisers are expected to share the strategy roadmap with potential investors before the formal sale begins.
The proposed arrangement aligns with Armani’s will, which reportedly called for a stake sale within 12 to 18 months of his death.
The move could help maintain balance among the three strategic partners, each of whom already has ties to the Armani business through beauty, luxury, or eyewear collaborations.
While no official confirmation has been issued by the company, the development signals a potentially significant reshaping of ownership at one of Italy’s most iconic fashion houses.
