Business & Economy
Giorgio Armani’s will requires the sale of a 15% stake in his empire within 18 months of his death. LVMH, L’Oréal and EssilorLuxottica may split it
The future of Giorgio Armani ’s empire is coming into sharper focus a year after the designer’s death.
AI Summary
A year after Giorgio Armani’s death, his Milan runway show on Sunday highlighted the brand’s signature elegance while his will triggers the sale of a 15 percent stake in the empire within 18 months. The will directs that the stake may be divided among LVMH, L’Oréal and EssilorLuxottica, prompting upcoming negotiations. The impending transaction will shape the future ownership of the fashion house.
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