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Armani May Sell 15% Stake to LVMH, L’Oréal, EssilorLuxottica

By Drooid · · How we work

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Story summary
  • Giorgio Armani presented its “Evolution” womenswear collection in Milan on Sunday.
  • Silvana Armani designed the collection in ivory, black and gold and added cotton, a material her uncle disliked.
  • CEO Giuseppe Marsocci said the group may sell a 15% stake, naming LVMH, L’Oréal and EssilorLuxottica as preferred buyers.
  • Dario Vitale became creative director of Emporio Armani and accessories, the first non-family member in that role.