Rome — Giorgio Armani’s fashion empire could distribute a 15 per cent stake among three major international groups, according to Italian media reports, as the company begins implementing succession plans outlined before the designer’s death.
Italian daily La Repubblica reported that the Armani group is considering dividing the stake equally between LVMH, L'Oréal and EssilorLuxottica.
The move would reflect indications reportedly contained in Armani’s will naming the three groups as preferred strategic partners and potential investors in the company.










