Giorgio Armani’s fashion house is reportedly preparing to sell its 15% stake after the designer’s death, dividing it into three equal parts. LVMH, L’Oreal, and EssilorLuxottica have been named as preferred buyers, with the transaction expected to close within 12 to 18 months of Armani’s passing.
Bengaluru skincare startup CHOSEN has raised $5 million in a Series A led by Fireside Ventures, with participation from L’Oréal’s BOLD and Alkemi Growth Capital. The round also included angel investor Avnish Anand and a slate of dermatologists. Founded by cosmetic dermatologist Dr Renita Rajan, CHOSEN builds science-led products for melanin-rich Indian skin using the exposome concept, scaling R&D and its dermatologist-led Centre of Excellence.
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