Armani Corporation for Sale

According to the German newspaper Das Handelsblatt, the designer that always refuted all rumors to sell his business has finally started looking for a buyer. Apparently, L'Oreal is looking at becoming partner, but Mr. Armani is holding out for a higher bidder. And what is Mr. Armani's current appraisal of his business? 5 billion Euro.
Perhaps this will be a good move for the 72-year old designer, securing his company's future.