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Following a lifetime of independence in the fashion industry, the late Italian designer Giorgio Armani has posthumously instructed his heirs to sell a 15% minority stake in his global fashion empire. The directive, outlined in his will, prioritizes potential buyers from among three major corporations: French luxury conglomerate LVMH, eyewear leader Essilor-Luxottica, and cosmetics giant L’Oréal.
Armani, who passed away earlier this year, had long resisted external investment in his privately held brand, maintaining full control over its creative and business direction. The move marks a significant shift in the future of the Armani Group, which spans fashion, beauty, accessories, and hospitality.
The sale is expected to preserve the company’s core identity while ensuring strategic alignment with one of the preferred partners. No timeline has been announced for the transaction, and representatives for the Armani estate have not commented on potential negotiations.
Canton Rd The Gateway shop Giorgio Armani Store, Tsim Sha Tsui Picture by Fadchwizo Rodawomt
