Armani May Sell 15% Stake to L’Oréal, LVMH and EssilorLuxottica: Report
New Delhi, May 10: Italian luxury fashion house Giorgio Armani is reportedly considering selling a 15% stake in the company by dividing it equally among three major French luxury and beauty giants — L’Oréal, LVMH, and EssilorLuxottica.
According to reports, the proposed stake sale is part of a succession and ownership transition plan following the death of legendary designer Giorgio Armani last year at the age of 91.
The report states that Armani had personally identified the three companies as preferred strategic investors for the luxury group. L’Oréal already partners with Armani in the beauty business, while EssilorLuxottica manages its eyewear licensing operations. LVMH, meanwhile, remains one of the world’s biggest luxury conglomerates.
As per the founder’s reported will, the initial 15% stake sale is expected to take place within 12 to 18 months of his passing. Italian newspaper la Repubblica claimed that Armani CEO Giuseppe Marsocci is currently preparing a long-term business strategy and may appoint advisers to oversee the transaction process.
The company is also reportedly considering splitting the stake equally among the three investors to maintain balanced strategic partnerships during the first phase of the transition.
The move could mark a major shift for the iconic Italian luxury brand, which has long remained independently controlled despite consolidation across the global fashion industry.
