Armani's will may aid buyout by rival

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.

- AFP

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

But in his will, published by the Italian press, he said the foundation which inherits the company should sell a 15% stake to a major fashion house.