Armani may sell 15% stake to multiple investors: CEO

Italian luxury group Armani is open to multiple investors buying the 15% stake set aside for sale in Founder Giorgio Armani's will, CEO Giuseppe Marsocci said. Armani, who died last September, had directed that the initial stake be sold within 12-18 months of his death. He named LVMH, L'Oreal and EssilorLuxottica as preferred buyers, while allowing others of equal standing.