EssilorLuxottica is set to acquire a 5%-10% share in Giorgio Armani, according to Bloomberg.
EssilorLuxottica is preparing to buy a 5%-10% stake of Giorgio Armani following the death of the fashion house's founder, Vernon Silver and Daniele Lepido of Bloomberg reports, citing Il Sole 24 Ore. EssilorLuxottica plans to purchase the stake without having any active role in Armani or representation on the board.
