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Fashion Jobs
SHISEIDO
D&G Fragrance Consultant - Boots Liffey Valley (22.5 Hours)
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Drunk Elephant Account Manager - Arnotts Dublin (37.5 Hours)
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Sales Advisor - Brown Thomas Cork (7.5 Hours)
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LEVI'S
Sales Stylist Flexible
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CLAUDIE PIERLOT UK
Stockist - 24h - Permanent - Kildare Village m/f
Permanent · KILDARE
BA&SH
Sales Assistant - Full Time - Dundrum Dublin
Permanent · DUBLIN
TK MAXX
Permanent Associate-Dublin Ilac
Permanent · Dublin
SHISEIDO
Nars Makeup Artist - bt2 Blanchardstown (30 Hours)
Permanent · Dublin
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 30 Hours)
Fixed-term · Galway
RITUALS
Sales Advisor - Brown Thomas Cork (30 Hours, Fixed Term Contract)
Fixed-term · Cork
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 37,5h - Permanent - Kildare Village m/f
Permanent · KILDARE
TAPESTRY
Muse iv (Sales Associate) - ks ir Kildare (7.5-14 Hours)
Permanent · Kildare
TAPESTRY
Permanent Sales Associate 30 Hrs Per Week
Permanent · Kildare
TAPESTRY
Muse Iii (Sales Associate) - ks ir Kildare (15-22 Hours)
Permanent · Kildare
SHISEIDO
Drunk Elephant Beauty Advisor - Arnotts Dublin (7.5 Hours)
Permanent · Dublin
SHISEIDO
Drunk Elephant Beauty Advisor - Arnotts Dublin (7.5 Hours)
Permanent · Dublin
LEVI'S
Store Manager - Liffey Valley
Permanent · Dublin
RITUALS
Sales Advisor - Arnotts Dublin (37.5 Hours)
Permanent · Dublin 1
RITUALS
Assistant Counter Manager - Arnotts Dublin (37.5 Hours)
Permanent · Dublin 1
RITUALS
Sales Advisor - Arnotts Dublin (30 Hours)
Permanent · Dublin 1
RITUALS
Sales Advisor - Pavilions Swords Shopping Centre (8 Hours)
Permanent · Swords
LEVI'S
Assistant Store Manager
Permanent · Dublin
By
Reuters API
Published
Jun 9, 2021
Reading time
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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.
 

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