By  on June 26, 2014

MILAN — As part of a generational transition, Brunello Cucinelli has set up a trust to benefit his daughters, Camilla and Carolina, in order to guarantee a proper handover of his namesake company.

The purpose is also to ensure an overall unified management of the real estate assets in Solomeo, Italy, where the company is headquartered, and support for the Brunello Cucinelli Foundation to “execute those works that we define as embellishments of mankind,” said the entrepreneur, who is chairman and chief executive officer of the company, publicly listed on the Milan Stock Exchange.

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