Establishment of Giorgio Armani Foundation

The Giorgio Armani Foundation was established with the dual purpose of funding social projects and safeguarding the governance assets of the Armani Group. This initiative reflects Giorgio Armani's commitment to social responsibility while also ensuring the long-term stability of his business interests. The foundation is designed to play a crucial role in the succession planning of the Armani Group, as it will hold an undisclosed stake in the company. This strategic move aims to maintain the integrity and governance of the brand, ensuring that it remains stable and continues to thrive over time. The foundation's focus on social projects indicates a broader vision that extends beyond mere business interests, highlighting the importance of corporate social responsibility in today's corporate landscape. By integrating social initiatives with business governance, the foundation seeks to create a sustainable model that benefits both the community and the company. This approach not only enhances the brand's reputation but also aligns with the growing consumer demand for socially responsible practices in the fashion industry. The establishment of the Giorgio Armani Foundation marks a significant step in the evolution of the Armani Group, positioning it as a leader in both luxury fashion and social impact.