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L’Oréal has eyes for Armani’s profitable beauty biz alone
Mint Mumbai
|September 24, 2025
L’Oréal SA, named by Giorgio Armani as a potential investor in the late Italian fashion mogul’s eponymous business, would only be interested in its profitable beauty arm, according to a person familiar with the matter.
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The French beauty giant was one of three preferred bidders cited in Armani'swill foran initial stake sale of 15% in Giorgio Armani SpA, which his heirs were directed to complete within 18 months. The others were LVMH Moët Hennessy Louis Vuitton SE and Essilor-Luxottica SA, and Armani also said the buyer would have the opportunity to raiseitsstaketo amajority after three years.
Armani’sdeath thismonth at the age of 91 has triggered intense speculation and analysis about which company would makethemostsense asa buyer. He created a sprawling empire ranging from ready-wear, haute couture and interior decoration, as well as eye-wear with Essilor-Luxottica. Watches bearing the founder's namearealsosold via Fossil Group Inc.
This story is from the September 24, 2025 edition of Mint Mumbai.
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