Pantaleo Dell’Orco Armani Foundation chairman appointment was confirmed as Giorgio Armani’s business and life partner assumes control of the organization . The Giorgio Armani Foundation, established in 2016 as a pillar of the late Italian designer’s succession plan, made the announcement official. Designer Giorgio Armani, known in the industry as King Giorgio, died September 4 aged 91.
The Pantaleo Dell’Orco Armani Foundation board includes four additional members: Rothschild banker Irving Bellotti, Giorgio Armani’s nephew Andrea Camerana, notary Elena Terrenghi, and Legance lawyer Andrea Silvestri . The foundation controls 30 percent of voting rights in the fashion empire and was chaired by Armani until his death .
Pantaleo Dell’Orco Armani Foundation leadership comes with significant responsibilities for the fashion empire’s future. The foundation will propose the name of the fashion group’s new CEO . Armani’s will instructed heirs to sell a 15 percent stake with priority given to LVMH, L’Oreal, EssilorLuxottica or another group of equal standing .
Pantaleo Dell’Orco Armani Foundation chairman role positions him as key figure in executing the designer’s vision. Dell’Orco must identify potential buyers with foundation agreement for the stake sale. The appointment ensures continuity in managing one of fashion’s most iconic independent houses.
