Brands
Armani names new board as succession process concludes smoothly
MILAN: Giorgio Armani Spa has formally completed its succession procedures and unveiled a newly appointed Board of Directors, marking a carefully managed leadership transition for the iconic fashion house. The shareholders’ meeting convened following the smooth and timely conclusion of the process, allowing the new board to be established exactly as envisioned by the late founder.
The refreshed eight-member board blends continuity with strategic expertise. Three members of the Armani family take their place alongside four independent directors with deep experience in global fashion and finance. The company’s operational reins remain with CEO and managing director Giuseppe Marsocci, the only executive on the board.
Pantaleo Dell’Orco has been confirmed as chairman, with Marsocci reaffirmed in his dual role. The full board now includes Silvana Armani, Andrea Camerana, Marco Bizzarri, John Hooks, Federico Marchetti and Angelo Moratti.
The board will steer the company in line with the founding principles created by Giorgio Armani and safeguarded by the Giorgio Armani Foundation, which will permanently retain at least 30 per cent ownership, regardless of future scenarios such as new investors or a potential listing.
The foundation’s members include Dell’Orco, Camerana, Irving Belotti, Elena Terrenghi and Andrea Silvestri.
Commenting on the new structure, Dell’Orco said the board brings together family representation, long-time collaborators of Mr Armani and seasoned independent professionals. He added that this combination offers the strongest foundation for carrying forward and evolving the founder’s vision of beauty, business and ethics, ensuring the brand remains well equipped for the challenges and opportunities ahead.
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
