Giorgio Armani, succession and legacy

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The recent death at the age of 91 of Giorgio Armani, one of Italy’s most iconic fashion designers, has ushered in a carefully planned transition for his business empire and personal estate, worth an estimated 11-13 billion Euro. Armani was greatly admired for the way that he had always maintained control over his brand, both

Private Foundations and the growth of the “terzo settore”

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The name “terzo settore” refers to the sector of institutions and legal entities in Italian society which are not connected to either corporate enterprises or to the state. This so-called “third sector” is made up of organisations such as private foundations that are non-profit making (“senza scopo di lucro“) and is gradually replacing the diminishing

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