Recently, it’s been rumored that L’Oreal is in talks with Giorgio Armani’s Firm to purchase about 25% of its stocks.
It’s debatable about the impact of such a deal on the fashion industry, but a spokesman from Giorgio Armani denied the rumor: “There has been ongoing speculation about L’Oreal and others and no talks are going on at the moment.”
L’Oreal is already of partner with Giorgio Armani dealing with the distribution of perfumes, cosmetics and beauty products.
Armani himself mentioned in a November interview last year that L’Oreal could become more implicated in the Armani business, but that no talks were yet in progress.
We’ll see what happens in the future, and I’m sure it will an important event for te fashion industry, with Armani being arguably the most important designer today and L’Oreal the biggest cosmetics firm. Time will tell.