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The Economic Times

Economy / The Economic Times

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Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica, report says

Giorgio Armani's fashion house is reportedly planning to sell its 15% stake in three equal parts, following the designer's death. French luxury group LVMH, L'Oreal, and EssilorLuxottica were named as preferred buyers. The sale is expected to occur within 12-18 months of Armani's passing.

10 May 2026 3:55 pm