Armani representatives have approached potential buyers, including L'Oreal, over a minority stake in the renowned Italian fashion group, sources told Reuters. In his will, late designer Giorgio Armani instructed his heirs to sell initial 15% stake within 18 months of his death and transfer additional 30% to 55% stake to same buyer later. His will prioritises LVMH, L'Oreal, and EssilorLuxottica.