Published by Global Banking & Finance Review®
Posted on October 22, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleOTB chairman Renzo Rosso predicts the breakup and sale of Armani, citing a complex business model. Potential buyers include L'Oreal and LVMH.
MILAN (Reuters) -Renzo Rosso, the chairman of Italian fashion group OTB, expects the Armani business to be split up and sold to different buyers, due to a 'complicated' business model, with licensing contributing significantly to profits, he said on Wednesday.
The will of the late Giorgio Armani, published in September, named l'Oreal , EssilorLuxottica and French luxury giant LVMH as potential buyers of the business.
L'Oreal and EssilorLuxottica have long-term licence agreements with the Armani group, in the beauty and in the eyewear sectors respectively.
"I think it (the Armani business) will be broken up," OTB founder Rosso said at MF Fashion Summit in Milan in a pre-recorded interview.
He didn't comment on OTB's possible interest in the Italian group. OTB's brands include Diesel and Jil Sander.
On Tuesday Michele Norsa, former Ferragamo CEO, said he expected the Armani group to be sold to one or two bidders, while an initial public offering would be less likely.
(Reporting by Elisa AnzolinEditing by Keith Weir)
A merger is a business combination where two companies join to form a new entity, often to enhance competitiveness and efficiency.
Private equity refers to investment funds that buy and restructure companies not listed on public exchanges, aiming for high returns.
Corporate strategy is a plan that outlines how a company will achieve its goals, including resource allocation and market positioning.
Financial markets are platforms where buyers and sellers engage in trading financial assets like stocks, bonds, and currencies.
An initial public offering (IPO) is the process through which a private company offers its shares to the public for the first time.
Explore more articles in the Headlines category
