EssilorLuxottica S. A.EssilorLuxottica is named as a potential buyer of a stake in Giorgio Armani Group, which could be a strategic acquisition.
The Giorgio Armani Group is expected to begin a stake sale process in September, in accordance with the late designer's will. Rothschild & Co. is expected to be the adviser, given partner Irving Bellotti's longtime relationship with Giorgio Armani and his board seat at the Giorgio Armani Foundation. The will allows an initial 15 percent stake to be sold within 18 months of its opening to LVMH, EssilorLuxottica, or L'Oréal, with a further 30 to 54.9 percent possible between the third and fifth years. A market source said the heirs may consider offering a 5 percent stake to each of the three groups to ensure transparency and allow them to evaluate the company before a larger offer. The foundation would retain a 30.1 percent stake to maintain control.
EssilorLuxottica S. A.EssilorLuxottica is named as a potential buyer of a stake in Giorgio Armani Group, which could be a strategic acquisition.
LVMH Moët Hennessy - Louis VuittonLVMH is named as a potential buyer of a stake in Giorgio Armani Group, representing a possible investment opportunity.
LOréal S.A.L'Oréal is named as a potential buyer of a stake in Giorgio Armani Group, which could be a strategic acquisition.
Giorgio Armani Group is preparing for a stake sale, which could bring in capital and strategic partners.
Rothschild & Co. is expected to advise on the stake sale, generating advisory fees.