The Armani group could be sold to LVMH, L’Oréal, or Essilor-Luxottica

In his will, Giorgio Armani, who died on September 4, expressed his wish that within five years, 15% and then up to 54.9% of the capital of his mega luxury empire be transferred, primarily to one of the three major leaders in the sector, namely LVMH, L’Oréal, and Essilor-Luxottica, or failing that, to a partner group of equivalent caliber. Otherwise, an initial public offering would be considered.

A big surprise…and more suspense.

The succession of Giorgio Armani, who died on September 4 at the age of 91, continues to make headlines.

Already a hot topic before the designer’s death, speculation about the future owners of his titanic empire is once again fueling the buzz now that his will, opened on Thursday, September 11, has been revealed.

Priority given to another luxury giant

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Read also > Giorgio Armani, the prince of fashion, takes his final bow

Featured photo: © Giorgio Armani