Armani considers selling 15% stake
According to the will of the late founder Giorgio Armani, the Armani Group intends to sell a 15% stake in the company within 12 to 18 months of his passing, with the aim of attracting major investors such as LVMH, L'Oréal, and Estée Lauder. The group is considering dividing the stake among several investors rather than selling it to a single buyer, focusing on adhering to a specific timetable, setting the price, and finalizing details. This comes amid efforts to preserve the founder's legacy and develop new creative lines.
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