07:41 AM EST, 11/05/2026 (MT Newswires) -- Current owners of Giorgio Armani SpA, d/b/a Armani, reportedly prefer an initial public offering of the Italian luxury fashion group over selling a large stake to an industry player, Reuters reported Thursday, citing two unnamed sources. According to the late Giorgio Armani's will, heirs should sell a 15% stake in the company between 12 and 18 months after his death. An additional stake sale of 30% to 54.9%, or a listing, should follow within three to eight years. He "explicitly" mentioned that L'Oréal (OR.PA), LVMH Moët Hennessy - Louis Vuitton (MC.PA), and EssilorLuxottica (EL.PA) should be preferred in a potential stake sale, the report said. Armani's heirs are in talks for an initial minority stake sale. Giorgio Armani did not immediately respond to a request for comment from MT Newswires. (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.)

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