Armani’s longtime partner and confidante, Giuseppe Dell’Orco, is set to lead the foundation that will play a crucial role in the sale of a minority stake in the Italian fashion house. The foundation, which holds a 10% stake in Armani, will have a say in any potential sale of shares.

Read more at Investing.com: Armani’s partner Dell’Orco to head foundation that will play key role in sale, document shows