Armani CEO says 15% stake sale may involve multiple investors, including LVMH, L'Oreal, EssilorLuxottica

A year after Giorgio Armani's death, his luxury group is preparing to sell a 15% stake as stipulated in his will. CEO Giuseppe Marsocci said on Sunday that the stake could be split among multiple investors, including LVMH, L'Oreal, and EssilorLuxottica, which were named as preferred buyers. The sale is expected to occur within 18 months of his death, with meetings planned in the coming weeks. The company also appointed Dario Vitale as creative director of Emporio Armani, signaling a focus on innovation while honoring the founder's legacy.