Giorgio Armani is reportedly considering dividing a 15% stake in his luxury fashion house among three major companies, according to Italian newspaper La Repubblica.

The potential buyers identified in the report include French cosmetics giant L'Oréal, luxury conglomerate LVMH, and eyewear manufacturer EssilorLuxottica. The arrangement would see the stake split among these three companies rather than sold to a single buyer.

According to the Repubblica report cited by Bloomberg, this structure would align with provisions in Armani's will. The 90-year-old designer has long been focused on succession planning for his privately-held company, which he founded in 1975.

Armani has previously expressed intentions to maintain the independence of his brand while ensuring its long-term stability. The designer has been selective about potential partnerships and has resisted full acquisition offers in the past.

The reported stake sale would represent a significant development for the Italian fashion house, which remains one of the few major luxury brands still under founder control. Neither Armani nor the mentioned companies have publicly confirmed the reported discussions.