Report: Armani to start equity sale talks with LVMH and L'Oral

Armani plans to hold talks with LVMH, L'Oral and EssilorLuxottica over the sale of a minority stake, according to media reports citing people familiar with the matter. Armani has informally discussed a plan to split a 15% stake among LVMH, L'Oral and EssilorLuxottica, media reported, citing four sources. The stake sale talks, originally scheduled for June, have been postponed to late September or early October. The parties have yet to agree on a valuation. If Armani fails to find its preferred interested party or a suitable buyer, an IPO will become the alternative option.