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International Business Times
International Business Times
Business

Armani's Will Lays Path To Potential Buyout By Rival

Giorgio Armani Silvana Armani Leo DellOrco EssilorLuxottica LVMH LOreal Luxury
Giorgio Armani had no children, and his death left a question mark over the future of his empire (Credit: AFP)

Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his company, citing LVMH, EssilorLuxottica or L'Oreal as potential buyers.

The Italian designer, who died on September 4 aged 91, had kept strict control of the multi-million-euro empire he built up over five decades, which ranged from haute couture to hotels.

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