EssilorLuxottica prepared to buy 5%-10% of Armani: Il Sole
Giorgio Armani’s will permits EssilorLuxottica a passive stake without board representation, positioning the eyewear giant against LVMH and L’Oréal.
A window display at Giorgio Armani showcases both classic menswear tailoring and vibrant resortwear against a backdrop of luxury travel trunks. Giorgio Armani's will permits heirs to sell 15% within 18 months to select buyers. Image: Bloomberg News
A window display at Giorgio Armani showcases both classic menswear tailoring and vibrant resortwear against a backdrop of luxury travel trunks. Giorgio Armani's will permits heirs to sell 15% within 18 months to select buyers. Image: Bloomberg News