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.
But in his will, published by the Italian press, he said that the foundation which inherits the company should sell a 15 percent stake to a major fashion house.
He named French luxury giant LVMH, cosmetics group L'Oreal and eyewear firm EssilorLuxottica as his preferred buyers, although another of similar stature would also be acceptable.
L’Oreal, which has sold Armani perfumes and cosmetics since 1988, said on Friday it