Giorgio Armani Offers Soft, Fluid Looks at Milan Fashion Week

A model walks the runway of the Giorgio Armani show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 24, 2023 in Milan. (Photo by GABRIEL BOUYS / AFP)
A model walks the runway of the Giorgio Armani show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 24, 2023 in Milan. (Photo by GABRIEL BOUYS / AFP)
TT
20

Giorgio Armani Offers Soft, Fluid Looks at Milan Fashion Week

A model walks the runway of the Giorgio Armani show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 24, 2023 in Milan. (Photo by GABRIEL BOUYS / AFP)
A model walks the runway of the Giorgio Armani show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 24, 2023 in Milan. (Photo by GABRIEL BOUYS / AFP)

Italian designer Giorgio Armani presented soft, fluid looks at Milan Fashion Week on Sunday, offering plenty of lightness and shimmer for women's wardrobes next summer.
The 89-year-old fashion veteran opened the show, called "Vibes", with a champagne satin jacket and satin grey trousers. Several outfits with the same color combination followed - cropped shirts, jackets and strapless dresses over trousers, Reuters reported.
Satin trousers featured heavily in the Spring/Summer 2024 line, often paired with sheer blouses, light jackets and sparkling tops.
Wave patterns adorned jackets, belts and shaped crop tops as well as buttons.
"Vibrations - that means colors, movement, a structure that moves on the body, that's the inspiration,″ Armani told reporters backstage.
For the evening, there were plenty of shimmering looks - sparkling tops, skirts and trousers, the last of which were white.
Models, whose hair was styled wavy, clutched small sparkling bags and wore flat shoes.
The colors shifted from champagne and grey to blues, greens and pale pinks.



Shein's Annual Profit Down by More than a Third

FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
TT
20

Shein's Annual Profit Down by More than a Third

FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo
FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File Photo

Online fast-fashion retailer Shein's profit dropped by more than a third last year, adding to its challenges ahead of a planned listing on the London Stock Exchange, the Financial Times reported on Sunday.

Net profit was down almost 40% at $1 billion in 2024, the report said, citing two people with knowledge of the matter.

Shein's sales for the full year rose by 19% to $38 billion, the report said, adding that the figures were from internal projections ahead of finalised accounts, Reuters reported.

The company does not publish profit guidance but the 2024 figures were far lower than the $4.8 billion in net profit and $45 billion in sales it had projected for 2024, the report added, citing a presentation seen by the newspaper.

Reuters this month reported that Shein was set to cut its valuation in the planned initial public offering (IPO) in London by almost a quarter to about $50 billion. Bloomberg reported last week that Shein was under pressure to cut its valuation as low as $30 billion

The Financial Times has also reported that the London listing could be postponed to the second half of the year after US President Donald Trump moved to end a tax exemption enjoyed by Shein, potentially denting profitability and pushing up its prices in the United States.