Armani heirs weigh 15% stake sale to LVMH, L’Oréal and EssilorLuxottica
Armani heirs must sell a 15% stake within 18 months per Giorgio Armani’s will; preferred buyers are LVMH, L’Oréal and EssilorLuxottica. CEO says it need not go to one investor.
Business · 8 sources · Sep 27, 2026Read it
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About Giorgio Armani
Giorgio Armani was an Italian fashion designer and founder of the Armani luxury fashion house. Widely regarded as among the most influential designers in contemporary fashion, Armani initially gained recognition for his work with fashion house Cerruti 1881, before founding his own label in 1975. He became known for minimalist, deconstructed silhouettes—especially his jackets and suits—which are said to have redefined masculine and feminine elegance in a contemporary form. Armani also played a pivotal role in shaping celebrity style, particularly red-carpet fashion. By the early 2000s, he was recognized as the most successful Italian designer, with his brand expanding into music, sport, and luxury hotels.
Everything about Giorgio Armani →- Occupation
- entrepreneur, fashion designer, autobiographer
- Citizenship
- Italy
- Born
- July 11, 1934
- Died
- September 4, 2025
- Website
- http://www.giorgioarmani.com/index.html