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L’Oréal Only Interested in Armani’s Profitable Beauty Business

The French beauty giant was one of three preferred bidders cited in Armani’s will for an initial stake sale of 15 percent in Giorgio Armani, but would only pursue its beauty business, according to a person familiar with the matter.
Armani Beauty counter
Armani’s beauty licence likely generated $1.8 billion in revenue last year, HSBC analysts led by Jeremy Fialko said in a note. (Shutterstock)

L’Oréal SA, named by

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Further Reading

Armani’s Surprise Will, Explained

The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.

Tough Choices for Armani’s Heirs

The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.

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