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L’Oréal among potential buyers approached by Armani for minority stake

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L’Oréal among potential buyers approached by Armani for minority stake


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Reuters

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October 2, 2025

Armani representatives approached potential buyers for a minority stake in the renowned Italian fashion group, three sources told Reuters. The move effectively launched an informal auction for part of one of the world’s most renowned fashion empires, just weeks after the designer’s death.

Armani explores minority stake sale as heirs follow late founder’s will – Reuters

L’Oréal is among those approached, two of the people said. The sources added that the company has not yet solicited private equity bidders as potential buyers.

Two of the sources said Rothschild expects to advise Armani on the transaction. The group maintains a link to the advisory firm through Irving Bellotti, a Rothschild partner who sits on the board of the Armani Foundation.

One of the people said the talks remain at an early stage and warned that negotiations could take months to advance.

Armani instructed heirs to sell stake within 18 months

Reuters could not confirm who conducted the outreach on behalf of the sellers. The four sources requested anonymity because the matter remains private.

Armani Group and Rothschild declined to comment. L’Oréal, which holds a licensing agreement with the Armani Group until 2050, did not respond to requests for comment.

In his will, late Italian designer Giorgio Armani instructed his heirs to sell an initial 15% stake in the fashion house within 18 months of his death. He directed them to transfer an additional 30% to 55% stake to the same buyer or pursue a market listing afterward.

The will gives priority to luxury conglomerate LVMH, beauty leader L’Oréal, and eyewear maker EssilorLuxottica, with which Armani has an ongoing commercial partnership.

The foundation Armani established to preserve his legacy may also offer the stake to another group of “equal standing,” provided it secures the agreement of Armani’s business and life partner, Pantaleo Dell’Orco.

All three named companies have issued statements indicating their openness to a potential deal. The will, published last month following the designer’s death on Sept. 4, lists six classes of shares with varying voting rights.

The charitable foundation and Dell’Orco hold 30% and 40% of the company’s voting rights, respectively, meaning they jointly control 70% of the fashion group. The will states that the foundation will retain a 30.1% stake in the company, both in the event of a listing and a sale.

Dell’Orco, who also served on the foundation’s executive committee, could not be reached for comment. A representative for the Armani Foundation declined to comment via email.

The brand could be worth up to 12 billion euros

Giorgio Armani served as the sole major shareholder of the company he founded 50 years prior and maintained tight control over its creative and managerial aspects.

Analysts estimate the brand could be worth between €5 billion and €12 billion ($5.5 billion to $14 billion), making the potential sale one of the most closely watched events in the fashion industry.

The provisions in Armani’s will are legally binding, and the Italian notary association notes they could face legal challenges if not fulfilled.

($1 = 0.8517 euros)

© Thomson Reuters 2025 All rights reserved.



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US’ Skechers appoints fashion icon Sofia Vergara as brand ambassador

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US’ Skechers appoints fashion icon Sofia Vergara as brand ambassador



Skechers is proud to announce its newest brand ambassador: globally celebrated actress, entrepreneur, and fashion icon Sofia Vergara. Known for her signature style and charismatic presence on and off screen, Vergara joins the Skechers family to help shape the future of fashion meets comfort footwear.

Throughout her career she has received five Emmy and five Golden Globe nominations, most recently for Griselda, and in 2025 made history as the first Latina nominated for Outstanding Lead Actress in a Limited or Anthology Series at the Emmys.

Skechers has named actress and entrepreneur Sofía Vergara as its new global brand ambassador.
Known for her style and wide fan reach, she will lead a new campaign highlighting Skechers’ Hands-Free Slip-ins and Glide-Step designs.
Vergara chose the brand for its blend of comfort and fashion, marking a strategic move to strengthen Skechers’ style-driven appeal.

“I don’t do anything unless I believe in it – and I truly believe in Skechers,” said Sofía Vergara. “I’ve been wearing Skechers for over a year now, and they’ve completely changed how I think about sneakers. They’re not just comfortable – they’re chic, stylish, and easy to wear with everything in my closet. That’s what made this partnership feel so natural.”

Skechers first caught Vergara’s attention not through business talks, but in a mall. After knee surgery left her searching for supportive, stylish shoes, she discovered Skechers on her own – purchasing multiple pairs before learning her team had already been in talks with the brand.

Now, as the latest face of Skechers, Vergara will appear in a new global campaign that celebrates style, versatility and comfort – hallmarks of the Skechers brand. The campaign will spotlight Skechers’ iconic Hands-Free Slip-ins Glide-Step styles.

“Sofía embodies everything Skechers stands for – bold, confident, and committed to comfort without compromise,” said Michael Greenberg, President of Skechers. “She brings a fresh energy to our brand, and her passion for great design will shine through in everything we do together.”

With more than 50 million followers and global recognition from Hollywood to Barranquilla, Sofía Vergara adds unparalleled star power to Skechers’ legacy of working with beloved figures who resonate across generations.

This collaboration marks the beginning of an exciting new chapter – where effortless fashion and everyday comfort meet in one powerful step forward.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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UK apparel trade shows sharp recovery in September

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UK apparel trade shows sharp recovery in September



Textile fabric and fibre imports also posted marginal gains. Fabric imports stood at £*** million (~$***.** million), *.** per cent higher than £*** million in September ****, while fibre imports inched up to £** million (~$**.** million) from £** million a year earlier. Month on month, fabric imports rose from £*** million, and fibre imports from £** million. These modest increases point to stabilising manufacturing activity and early preparation for **** sourcing cycles.

During the third quarter (Q*) of ****, the UK imported clothing worth £*.*** billion (~$*.*** billion), up **.** per cent from £*.*** billion in Q* **** and **.** per cent higher than £*.*** billion in Q* ****. Fabric imports during Q* were valued at £*.*** billion (~$*.*** billion), while textile fibre imports totalled £** million (~$***.** million), compared with £*.*** billion and £** million, respectively, in Q* ****. In Q* ****, fabric and fibre imports had reached £*.*** billion and £** million, respectively. Quarterly growth suggests stronger order placements by UK brands following improved retail sell-through over the summer.



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Denim Première Vision charts a course for spring/ summer 2027

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Denim Première Vision charts a course for spring/ summer 2027


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November 18, 2025

Denim Première Vision will stage its spring/ summer 2027 edition at Milan’s Superstudio Più on November 26 and 27. The event will bring together 65 exhibitors, including 45 textile manufacturers.

Denim PV

Around fifteen nationalities will be represented among the exhibitors at this Italian edition, which will notably include five accessories manufacturers serving the industry (zips, buttons, rivets, etc.), as well as three yarn and fibre manufacturers—Casati Flock, Mic, and XLance. The show will also feature around a dozen garment manufacturers, with notable representation from Turkey, Italy, China, and Portugal.

“This is something interesting and new because, several years ago, we didn’t have any garment manufacturers from Portugal. Today we have two, Pizarro and IVN Industria,” the show’s director, Fabio Adami Dalla Val, told FashionNetwork.com. He also welcomed the presence of around 10 Japanese companies at this edition.

Conceived as a global showcase for developments in denim, the show will present its “Denim Fashion District” for the eighth time. Curated by designer Olivia Spinelli and Opaa Studio, this space will spotlight the work of 23 innovative brands, including Adriano Goldschmied of Daily Blue.

The show will also feature a trends area. “This is the heart of the show,” its director emphasises. “The aim is to give visitors a relevant, comprehensive overview of what’s happening in denim, whether in terms of trends, materials or technology.” This area will also host the Underrated project, which brought together manufacturers, weavers and print specialists around designer Kristian Guerra to create a collection.

Denim PV

A programme of conferences will accompany these two days of meetings, with several sessions on trends for spring/ summer 2027, as well as talks by G-Star creative directors Lisi Herrebrugh and Rushemy Botter. An industry debate will bring together Maurizio Donadi of Champion, Adriano Goldschmied, and the duo Manuela Mariotti and Massimo Berloni, co-founders of Seafarer.

The strategic issue of dyeing will also be explored in a conference bringing together three innovative players in the field: US-based Chloris for its bio-based blue dyes produced via microbial fermentation, Italy’s Officina 39 for its sustainable dyes and pigments, and the UK’s Infinity Blue for its process to recover indigo from textile waste.

The previous edition of Denim Première Vision, held in Milan on 21 and 22 May, attracted 2,100 visitors and 84 exhibitors.

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