Group 1 - The core point of the news is that L'Oréal is planning to acquire the beauty business of the late Italian designer Giorgio Armani, which includes cosmetics, perfumes, and skincare, but excludes fashion and accessories [1][3][5] - The acquisition plan consists of two steps: initially acquiring a 15% stake as per Armani's will, followed by increasing the stake to a majority ownership [5][6] - L'Oréal has a long-standing partnership with Armani Beauty since 1988, which has allowed them to collaborate on product development and market expansion [6][10] Group 2 - Armani Beauty's revenue surpassed €1 billion (approximately ¥83.75 billion) in 2017, with annual sales of around €1.5 billion (approximately ¥125.59 billion) for its fragrance and beauty products [6][11] - The acquisition could help L'Oréal strengthen its position in the high-end beauty market and enhance its brand portfolio amid slowing growth in its existing brands [10][11] - The acquisition is seen as a win-win situation, as L'Oréal needs established brands for growth, while Armani Beauty faces challenges following the founder's passing [21]