According to La Repubblica, the Italian fashion empire is reportedly considering selling a 15% stake, divided into three equal parts, to LVMH, L’Oréal, and EssilorLuxottica—all of whom were named as preferred partners in the will of the designer, who passed away in late 2025.
The Armani empire may ultimately open up its capital to three luxury giants rather than just one…
In his will, Giorgio Armani, who passed away last September at the age of 91, had asked his heirs to sell a 15% stake in his empire and then, after three years, an additional stake of 30% to 55% to the same buyer, or, failing that, to consider an initial public offering (IPO).
Three preferred buyers
The Italian designer had named three preferred buyers for his group: two French companies—the luxury leader LVMH and the beauty giant L’Oréal—and one Franco-Italian firm, the optical leader EssilorLuxottica, or, failing that, another group “of similar standing.”
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Read more > LVMH considers a downsizing plan
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