Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica, report says
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Italian fashion house Giorgio Armani is considering selling its 15% stake in three equal parts to LVMH, L'Oreal, and EssilorLuxottica following the designer's death. CEO Giuseppe Marsocci is preparing a business plan and appointing advisers to oversee the sale, which aligns with Armani's will for a sale within 12-18 months of his passing. This strategy aims to keep all three potential buyers engaged during the initial phase of the sale process.
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