She left out another possible scenario, which is that Hedi could still be bound by a non-compete agreement with LVMH. His departure from Celine was announced in October 2024 under rather unknown details as to when and especially WHY?
If there's still a non-compete Armani had to deny all rumors, obviously.
She could be totally off, but I think where there’s smoke, there could be fire.
As for L’Oréal, they should be thrilled to have a creative director like Hedi involved in a brand whose beauty license they hold and they should actually listen to what he has to say. He has an excellent track record in fragrance: he played a key role in the successful launch of Dior’s La Collection Privée and later oversaw the entire fragrance line at Celine. That line has performed commercially very well and the perfumes themselves are genuinely good, especially considering how quickly they were developed. There was nothing particularly original in terms of product or presentation, but everything was executed to perfection as one would expect from a control freak like Hedi.
L’Oréal has been moving further into the niche and upscale segment rather than focusing solely on the mass market, so there’s real opportunity in beauty too, even for an already well-developed, but slightly down-marketed brand like Armani.
I guess it's mostly wishful thinking on my part but I'm always somehow rooting for Hedi, despite his flaws and ego....and I think Armani would benefit from someone who can oversee it all and structure the business with all those separate lines in a way that makes more sense too.