Armani Group discusses 15% stake sale
Giorgio Armani Group, the Italian fashion brand, has announced that it is open to selling a 15% stake in the company to several investors, in accordance with the wishes of its late founder. The company has set a timeframe of between 12 and 18 months to complete an initial offering or a stock exchange listing. Preferred investors include French firm LVMH, L'Oréal, and L Catterton; however, other investors remain welcome. The final decision regarding the stake division and timing of the sale will depend on negotiations over price and details, with expectations of discussions with these potential companies about the possibility of selling a minority stake or forming future alliances.
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