Armani open to more investors for 15% stake

Nifty23, 140.5077.41. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• As stipulated by founder Giorgio Armani's will, armani is open to selling a 15% stake in the firm.
• Armani open to more than one investor for sale of 15% stake, CEO notes.
• Marsocci, who took over as CEO last October, declined to comment on whether the group had been approached by investors other than those named in the will.
• LVMHArmani stake saleGiorgio Armani willL'Orealluxury group investorsEssilorLuxotticaGiuseppe MarsocciDario Vitale creative director.
• The Economic Times daily newspaper is available online now.

Nifty23, 140.5077.41. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now.

Armani open to more than one investor for sale of 15% stake, CEO notes. ReutersLast Updated: Sep 28, 2026, 01: 17: 00 AM IST.

As stipulated by founder Giorgio Armani's will, armani is open to selling a 15% stake in the firm. CEO Giuseppe Marsocci indicated that they may consider multiple investors for this sale. There have been reports of meetings being planned with potential buyers, including LVMH and L'Oreal. The timeline set by Giorgio Armani remains a priority for the firm going forward.

Milan: Italian luxury group Armani is open to involving multiple investors in the sale of a 15% stake earmarked in founder Giorgio Armani's will, CEO Giuseppe Marsocci remarked on Sunday. "It is not written in stone that it has to be one investor, " Marsocci remarked to journalists on the sidelines of a Giorgio Armani fashion show when asked whether the stake could be split among three investors. He continued that no decision had been produced. Armani, who died at 91 last September, stipulated in his will that an initial sale of 15% of the firm should take place between 12 and 18 months after his death, followed by the disposal of a larger stake or a market listing.

While additionally leaving the door open to other investors of "equal standing", he named French luxury group LVMH, beauty products maker L'Oreal and eyewear group EssilorLuxottica as preferred buyers. Marsocci, who took over as CEO last October, declined to comment on whether the group had been approached by investors other than those named in the will. Live Events.

Although any transaction would depend on reaching agreement on "price and details", he remarked the fashion house intended to respect the timetable set out by its founder. The Financial Times documented on Sunday that Armani was preparing to hold meetings in the coming weeks with LVMH, L'Oreal and EssilorLuxottica to discuss a feasible minority stake sale, with one option discussed informally involving the three groups sharing a 15% holding. Earlier this month Reuters documented that EssilorLuxottica could consider partnering with other bidders. Armani additionally this month named former Versace designer Dario Vitale as creative director of Emporio Armani and Giorgio Armani accessories. Marsocci remarked the move reflected the company's efforts to balance continuity with Giorgio Armani's vision and the need to keep moving forward, adding that accessories would represent one of the group's "growth opportunities". Add Now!

LVMHArmani stake saleGiorgio Armani willL'Orealluxury group investorsEssilorLuxotticaGiuseppe MarsocciDario Vitale creative director. LVMHArmani stake saleGiorgio Armani willL'Orealluxury group investorsEssilorLuxotticaGiuseppe MarsocciDario Vitale creative director.

Taken together, the developments around armani open to more investors for 15% stake point to a situation that is still moving, and the coming days should bring more clarity.