Armani Plans to Share Stake with Luxury Giants

Giorgio Armani is cooking up a plan to share a 15% slice of his fashion empire with three luxury titans: L'Oréal, EssilorLuxottica, and LVMH. This tasty tidbit comes as he gears up for the future, following his will's wishes. They might chop the stake into three 5% pieces, but the sale hasn't started cooking yet. Armani's CEO is prepping a long-term strategy, but no official word has come out yet.