In a bid to secure his business' future, Giorgio Armani is considering a development strategy of working with outside investors L'Oreal and Emaar Properties. To ensure steady growth while not falling prey to luxury-goods groups LVMH or PPR, companies such as L'Oreal would come out favourable as they are debt-free and are looking to find new external growth opportunities. Giorgio Armani owns his business outright while many of his rivals have rushed to be floated on the stock market or be taken over by multinational groups.

 

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ