The Big Bet: Could A L’Oréal Takeover of The Armani Empire Be Mission Impossible?
Could this be the beginning of the end for the Armani empire as we know it? After Giorgio Armani’s death earlier this month, the late designer’s will laid out a rigorously staged exit strategy for the house he founded nearly fifty years ago. The plan involves partial stake sales, potential takeover by luxury conglomerates and…