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Fashion Times
Fashion Times
Lifestyle
Vivienne Roux

Armani Could Split 15% Stake Among Multiple Investors as Fashion House Enters a New Post-Founder Era

Giorgio Armani Silvana Armani Giuseppe Marsocci EssilorLuxottica Dario Vitale LVMH LOréal

Giorgio Armani's fashion empire is opening the door to a future with more than one outside investor.

Armani CEO Giuseppe Marsocci said the Italian luxury group could divide the 15% stake earmarked for sale under founder Giorgio Armani's will rather than place the entire holding with a single buyer.

"It is not written in stone that it has to be one investor," Marsocci told reporters during Milan Fashion Week, while stressing that no final decision has been made.

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