<div class=newsTextDataWrapInner><p>MILAN (Sept 27): Italian luxury group Armani is open to considering more than one investor for the sale of a 15% stake earmarked in founder Giorgio Armani's will, chief executive Giuseppe Marsocci said on Sunday.</p></div>

<div class=newsTextDataWrapInner><p>"It is not written in stone that it has to be one investor," Marsocci told reporters on the sidelines of the Giorgio Armani fashion show, adding that no decision had yet been made.</p></div>

<div class=newsTextDataWrapInner><p>Armani, who died at 91 last September, had named French luxury group LVMH, beauty products maker L'Oreal&nbsp;and eyewear group EssilorLuxottica as preferred buyers for the company.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Marsocci, who took over as chief executive last October, said the fashion house intended to respect the time frame set out in the founder's will, although any transaction would depend on reaching an agreement on "price and details".</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


MILAN (Sept 27): Italian luxury group Armani is open to considering more than one investor for the sale of a 15% stake earmarked in founder Giorgio Armani's will, chief executive Giuseppe Marsocci said on Sunday.

Armani CEO says stake sale could involve multiple investors, no decision made

The economic cost of poor health extends well beyond the hospital bill; ultimately, it reflects in a nation’s gross domestic product (GDP).

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Oil rose as Iran stuck to a seven-day proposal for reopening the crucial Strait of Hormuz rejected by US President Donald Trump, threatening further delays in the reopening of the crucial waterway.

Oil rises as Iran says it won’t soften Strait of Hormuz demands

Oil advanced and US equity futures slipped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.

Oil up, stock futures slip as Iran offer rejected

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MILAN (Sept 27): US builder Caddell Construction has formally committed to pay €30.941 million (US$35.24 million) in a probe into alleged worker exploitation at the site of the new US consulate in Milan, a document seen by Reuters showed.

US consulate builder in Milan to pay US$35 mil over labour probe

BUTTERWORTH (Sept 27): The All Malaysian Indian Progressive Front (IPF) has applied to become a component party of Barisan Nasional (BN), with Penang as the starting point before the move is taken to the national level.

All Malaysian Indian Progressive Front seeks to become BN component party, starting in Penang

PUTRAJAYA (Sept 27): The Nepalese government is considering legal measures to address cases involving individuals whose status remains undetermined, including foreign nationals, following floods and landslides in the country.

Nepal considers legal measures to determine status of flood, landslide victims — Wisma Putra

ANKARA (Sept 27): A deputy chair of President Tayyip Erdogan's ruling AK Party stepped down after an opposition politician accused her of making a large profit on shares just before a funds crisis triggered a major selloff on the country's stock market.

Deputy chair of Türkiye's AK Party resigns after trading allegation amid funds crisis

BANGKOK (Sept 27): Thailand has declared Sept 28 and 29 as special public holidays in Bangkok and three neighbouring provinces as authorities step up flood response efforts following days of heavy rain that that inundated parts of the capital.

Thailand declares two-day holiday in Bangkok, nearby provinces amid floods

<p>BUTTERWORTH (Sept 27): The All Malaysian Indian Progressive Front (IPF) has applied to become a component party of Barisan Nasional (BN), with Penang as the starting point before the move is taken to the national level.</p>


<p>PUTRAJAYA (Sept 27): The Nepalese government is considering legal measures to address cases involving individuals whose status remains undetermined, including foreign nationals, following floods and landslides in the country.</p>


<p>MILAN (Sept 27): US builder Caddell Construction has formally committed to pay €30.941 million (US$35.24 million) in a probe into alleged worker exploitation at the site of the new US consulate in Milan, a document seen by <em>Reuters</em> showed.</p>


<p>Oil advanced and US equity futures slipped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, while saying negotiations may resume this week.</p>


<p>Oil rose as Iran stuck to a seven-day proposal for reopening the crucial Strait of Hormuz rejected by US President Donald Trump, threatening further delays in the reopening of the crucial waterway.&nbsp;</p>
