Giorgio Armani, the luxury Italian fashion house, is allegedly considering splitting the sale of a 15% stake between L'Oréal, LVMH and EssilorLuxottica.
The company is allegedly considering splitting the 15% stake into three parts to be shared between these three giants, according to a report by Italian daily la Repubblica.
L’Oréal CFO Christophe Babule had confirmed in December 2025 that the acquisition of Armani is “definitely” being looked at by the French beauty giant.
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This interest in a company stake comes following the death of founder Giorgio Armani in September 2025, with Armani stating in his will that an initial sale of a 15% stake in the group must take place within the 12 to 18 months following his death.
La Repubblica, which did not cite a source, reported that Armani CEO Giuseppe Marsocci is allegedly preparing a business plan as he reportedly sets out to appoint two advisors to oversee the sale.
Cosmetics Business has reached out to Armani for comment.