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ARMANI STAKE SALE
Armani open to more than one investor for sale of 15% stake, CEO saysArmani is open to selling a 15% stake in the company, as stipulated by founder Giorgio Armani's will. CEO Giuseppe Marsocci indicated that ...- Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica, report saysGiorgio Armani's fashion house is reportedly planning to sell its 15% stake in three equal parts, following the designer's death. French lu...
- Kering agrees to sell beauty unit to L'Oreal for $4.7 billion as De Meo trims debtGucci owner Kering is selling its beauty division to L'Oreal for 4 billion euros. This major deal includes the fragrance brand Creed and lo...
- Giorgio Armani appoints veteran Giuseppe Marsocci as CEOMarsocci, who has been at the company for 23 years, most recently as Global Chief Commercial Officer for the last six years, steps into the...
- In surprise twist, Armani's will sets stage for sale of fashion empireGiorgio Armani's will has set in motion a plan to gradually sell his fashion house, potentially involving luxury giants like LVMH and L'Ore...
- Armani Fashions minority stake sale to rivals in willArmani gave control of 40% of his business empire to his longtime collaborator and head of menswear Leo Dell'Orco, and another 15% each to ...
- Giorgio Armani’s stunning last will revealed – who gets his billion-dollar empire?Giorgio Armani last will: Giorgio Armani's will, revealed after his death at 91, directs his heirs to gradually sell the fashion house he b...
- High stakes for high fashion: Brands bet on luxury revival on the catwalkLuxury brands like Chanel, Dior, and Gucci are introducing new designers amidst a challenging economic climate. The high-end industry is st...
- Norwest Venture eyes a bite of Belgian WaffleNorwest Venture Partners (NVP) is in advanced discussions to acquire a minority stake in The Belgian Waffle Co, potentially valuing the des...
- Reliance Brands signs agreement to acquire majority ownership of Superdry for Indian territorySuperdry has entered into a joint venture agreement with Reliance Brands to sell its intellectual property assets in India, Sri Lanka, and ...
- Reliance buys additional stake in Future101, Genesis ColorsReliance Brands, a unit of RIL, has acquired a further stake of 2.5 per cent in Future101 Design.
- Sahara in talks to buy stake in Genesis LuxurySahara stepped into the fray after Genesis sought an exit for financial investor L Capital, which owns a 42% stake in the company.
- Luxury brands like Hermes, Burberry and Louis Vuitton diversify product offeringA growing set of rich Indians is now setting the agenda for luxury companies, forcing many of them who sell 'soft' luxury to diversify into...
- Indian designer brands: To become globally scalable, focus should be on bottom lines & not just hemlinesTo play the bigger game, Indian designers should start concentrating on bottom lines and not just hemlines.
- Aditya Birla Group Co Madura eyes Armani, Hackett tie-upThe latest developments reflect moves by Madura for a bigger presence in the expanding market.
- Kimaya in talks with PEs to sell 15%Owners of Kimaya Studios, a Mumbai-based fashion house, are in talks with private equity firms to offload more than 15% stake in the design...
- DLF setting up JV co with Italian major PiquadroPiquadro may open its 1st store in the DLF’s planned luxury mall in Delhi and DLF is in the process of hiring people to drive the brand Piq...
- Retail major Al Futtaim eyes stake in Jumbo groupUAE-based mega retailer is in discussions to acquire stake in jumbo electronics.
- Armani JV fails to lift DLF's spiritsA joint venture with Giorgio Armani failed to generate investor attention in DLF. At 11:43 am, the share was flat at Rs 857.50 on volume of...
- Giorgio Armani-DLF JV to make retail foray in IndiaArmani has entered into a 51:49 joint venture with India’s biggest real estate developer DLF.
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