Anointed investors remain wary of buying into Armani
Under the terms of Giorgio Armani's will, his heirs have until the end of this year to bring LVMH, L'Oréal or EssilorLuxottica on board as minority shareholders. But the strict conditions imposed by the late fashion designer, along with the mediocre financial performance of his empire of late, has been complicating negotiations with the potential investors.