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Global Business News

The Economic Times

Global Business / The Economic Times

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Armani open to more than one investor for sale of 15% stake, CEO says

Armani is open to selling a 15% stake in the company, as stipulated by founder Giorgio Armani's will. CEO Giuseppe Marsocci indicated that they may consider multiple investors for this sale. There have been reports of meetings being planned with potential buyers, including LVMH and L'Oreal. The timeline set by Giorgio Armani remains a priority for the company going forward.

28 Sep 2026 1:17 am