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Pam & Panorama belongs to Gecos S.p.A. through Gruppo PAM S.p.A.. Pam & Panorama is owned by Gecos S.p.A., headquartered in Italy. No. The ultimate owner of Pam & Panorama, Gecos S.p.A., is headquartered in Italy, not in the United States.
Gecos S.p.A. is the holding company for the Pam Group, one of Italy's most prominent large-scale retail companies, operating supermarkets, hypermarkets, and discount stores.
Pam Panorama S.p.A.
Sources: it.wikipedia.org, gruppopam.it
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