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Armani Foundation Guides Fashion House's Future
29 Nov
Summary
- New board established to uphold Giorgio Armani's vision and values.
- Eight members selected by Armani Foundation and heirs comprise the new board.
- Armani Foundation will always hold at least 30 percent stake in the company.
Giorgio Armani Spa has appointed a new eight-member board of directors, fulfilling the late designer's wishes. This strategic move, overseen by the Armani Foundation and the designer's heirs, ensures the preservation of Mr. Armani's enduring vision and core values. The board includes long-time collaborators and industry professionals.
The new leadership structure is designed to enhance and adapt Mr. Armani's distinct approach to beauty and business, while effectively navigating future market dynamics. A key provision is that the Armani Foundation will consistently hold no less than a 30 percent stake in the company's capital, irrespective of future developments.
Giuseppe Marsocci continues as CEO and managing director, bringing over 35 years of international luxury sector experience. Federico Marchetti, a notable figure in e-commerce, also continues his role, underscoring the company's commitment to innovation and sustainability.
