Giorgio Armani is reportedly preparing a carefully staged ownership shift that would see an initial 15 percent stake in the group sold in three equal 5 percent portions to LVMH, L’Oréal and EssilorLuxottica, turning long-standing commercial partners into minority shareholders while preserving the house’s independent identity. A Structured 15 Percent Stake Sale According to la Repubblica, later cited by Reuters and other outlets, Giorgio Armani Group is evaluating how to implement a clause in Giorgio Armani’s will requiring an initial 15 percent stake sale within 12–18 months of his death in September 2025. The plan under discussion would divide that stake into three tranches of 5 percent, one each for LVMH, L’Oréal and EssilorLuxottica, rather than selling a larger block to a single buyer. The company has declined to comment publicly, and no formal sale process has begun, but the reported structure offers the clearest blueprint yet for how one…