×
1 290
Fashion Jobs
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots st Albans- 22.5 Hours - Permanent
Permanent · St Albans
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Oxford Street London - 15 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - Fenwick - Bracknell - 37.5 Hours - Full-Time, Permanent
Permanent · Bracknell
Advertisements
By
Reuters API
Published
Jun 9, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Armani's future in focus as group denies any interest in Ferrari merger

By
Reuters API
Published
Jun 9, 2021

Speculation over the future of Italian fashion group Armani came to the fore on Wednesday after the Milanese brand said it had no interest in a tie-up with luxury sports car maker Ferrari, as proposed in a plan by investment banks.


Giorgio Armani - Photo: Shutterstock



Succession plans at the firm founded by 86-year-old designer Giorgio Armani, known as King Giorgio in the fashion world, have long been the subject of speculation.

In an interview with Vogue magazine in April Armani opened itself up to the possibility of joining forces with an Italian partner, having previously insisted the group should remain independent.

On Wednesday, Italy's Il Sole 24 Ore newspaper said investments banks, which it did not name, had pitched a plan envisaging a merger of Armani and Ferrari to Exor, the holding company of Italy's Agnelli family and the main investor in Ferrari.

Under the scheme Armani, by merging his company into Ferrari, would become the second-largest investor in the Formula 1 car maker. The paper said both Armani and Exor had ruled out such a plan.
A spokesperson for Armani contacted by Reuters said that project had not been presented to the fashion group which anyway had no interest in it.

Armani's comments to Vogue fuelled speculation about possible interest from Exor, which recently took stakes in shoe maker Christian Louboutin and Chinese luxury group Shang Xia, which was co-founded by France's Hermes. Analysts dismiss the possibility of a merger between Ferrari and Armani but they do not rule out interest from Exor in the fashion brand.

A Milan-based analyst said a valuation of between 5 and 6 billion euros for Armani would entail a 1.0-1.8 billion euro investment by Exor for a stake of 20-30%.

Armani and Exor declined to comment on the market speculation.
 

© Thomson Reuters 2021 All rights reserved.