11:14 PM EDT, 09/27/2026 (MT Newswires) -- (Updates with Armani's statement) Giorgio Armani SpA, d/b/a Armani, will reportedly start discussions with multiple luxury companies for the potential sale of a 15% stake in the company, London's Financial Times reported Sunday, citing people familiar with the matter. The Italian luxury fashion group will reportedly talk with beauty products giant L'Oréal (OR.PA), luxury goods group LVMH Moët Hennessy - Louis Vuitton (MC.PA), and luxury eyewear maker EssilorLuxottica (EL.PA). The sources added that Armani is said to consider splitting the 15% stake between the three groups. The divestment aims to streamline its brand, as well as expand its portfolio. Additionally, people familiar with the matter noted that the potential deal is valued at 10 billion euros. If plans fall through, the group would potentially consider a stock listing. Armani declined to comment when reached by MT Newswires, while L'Oréal, LVMH, and EssilorLuxottica did not immediately respond to requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.