French cosmetics group L’Oréal will “definitely” take a look at an funding in Italian trend group Armani and begin working on it “very soon”, Chief Financial Officer Christophe Babule mentioned throughout a fireplace chat with analysts on Monday.
Armani’s will instructed heirs to regularly promote the style home he created or search a market itemizing, beginning with a 15 p.c stake inside 18 months, giving precedence to L’Oreal, luxurious conglomerate LVMH, eyewear maker EssilorLuxottica or one other group of “equal standing”.
By Dominique Patton and Tom Hogue
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What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 p.c of the corporate he based have to be bought by early 2027, however placing a price ticket on the group is an inexact science.