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Armani in Transition: the Firm Seeks to Sell Part of Its Empire
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The Italian fashion company, Armani, has initiated a rapprochement with potential buyers interested in acquiring a minority stake in the luxury firm, just weeks after the death of its founder. According to information published by Reuters, one of those interested in joining the fashion company is the beauty giant L’Oréal, although so far no private equity funds have been requested as potential investors. The conversations that have taken place b…
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