EssilorLuxottica – Latest stories from Nourish

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EssilorLuxottica is in the news as it faces major strategic shifts amid global market tensions; it’s a giant in eyewear, born from a 2018 merger.

Stories involving EssilorLuxottica

Armani Empire Faces Major Transition

Following Giorgio Armani's death on September 4, 2025, his will directs heirs to sell an initial 15% stake in the fashion empire within 18 months, followed by an additional 30% to 54.9% within five years. Priority buyers include LVMH, L'Oréal, and EssilorLuxottica, or alternatively an IPO. The Armani Foundation and longtime partner Pantaleo Dell’Orco hold majority voting control, ensuring legacy preservation.

Armani's Legacy Honored in Milan

Following Giorgio Armani's death on September 4, a tribute event at Milan's Pinacoteca di Brera celebrated his life and work. The event featured a fashion show of his final collection, a museum exhibition of over 120 looks, and tributes from celebrities and industry figures. His will plans for a sale of his stake to major luxury firms remain uncertain.

Prada Acquires Versace

Prada has completed its acquisition of Versace from Capri Holdings, aiming to revitalize the brand. Lorenzo Bertelli will lead as chairman, with a focus on growth and creative renewal. The deal marks a strategic move to tap into Versace’s untapped potential amid a creative relaunch.