Market Chatter: Armani's 15% Stake Sale to Potentially Miss March 2027 Deadline Set in Will

12:23 AM EDT, 08/12/2026 (MT Newswires) -- The sale of the 15% stake in Giorgio Armani SpA, d/b/a Armani, could go beyond the March 2027 deadline stated in Giorgio Armani's will, Italian daily newspaper Corriere della Sera reported Tuesday, citing sources within the group. The completion of the transaction will depend on opportunity and profitability, with negotiations expected to be reopened to guarantee profit, the report said. The information in the will is just guidance, the sources said, while also noting the possibility of a stock market listing. According to an earlier report, the late designer named French companies L'Oréal (OR.PA), EssilorLuxottica (EL.PA), and LVMH Moët Hennessy - Louis Vuitton (MC.PA) as among the preferred buyers of the 15% stake in the Italian luxury fashion house. 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.)