Armani’s Death Leaves Many in the Sports World to Ponder and Praise His Legacy

An image of the late Italian fashion designer Giorgio Armani is shown on the jumbotron during the warm up ahead of the FIFA World Cup 2026 Group I qualification football match between Italy and Estonia at the Stadio di Bergamo, in Bergamo, on September 5, 2025. (AFP)
An image of the late Italian fashion designer Giorgio Armani is shown on the jumbotron during the warm up ahead of the FIFA World Cup 2026 Group I qualification football match between Italy and Estonia at the Stadio di Bergamo, in Bergamo, on September 5, 2025. (AFP)
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Armani’s Death Leaves Many in the Sports World to Ponder and Praise His Legacy

An image of the late Italian fashion designer Giorgio Armani is shown on the jumbotron during the warm up ahead of the FIFA World Cup 2026 Group I qualification football match between Italy and Estonia at the Stadio di Bergamo, in Bergamo, on September 5, 2025. (AFP)
An image of the late Italian fashion designer Giorgio Armani is shown on the jumbotron during the warm up ahead of the FIFA World Cup 2026 Group I qualification football match between Italy and Estonia at the Stadio di Bergamo, in Bergamo, on September 5, 2025. (AFP)

Pat Riley first met Giorgio Armani in Milan in 1982, when the Italian designer told the then up-and-coming coach that he could make him beautiful suits.

Armani delivered. Riley was hooked.

“A navy blue Gable Classic,” Riley, now president of the Miami Heat, recalled Friday. “I have never worn anything else since then.”

Riley — a trendsetter in bringing high-end fashion to NBA sidelines — spent almost the entirety of his Hall of Fame coaching career wearing Armani, and he is one of many voices from around the sports world to offer memories in response to the iconic designer's passing. Armani died Thursday at the age of 91.

At the European basketball championships, Italy's national team played Thursday just hours after the news was announced. Much of Italy coach Gianmarco Pozzecco's pregame remarks before his squad faced Cyprus revolved not around the opponent, but Armani.

“This suit?” Pozzecco said afterward, tugging on the lapel of his jacket. “It's Armani.”

Like Riley, Pozzecco knew the designer. To wear the Armani brand, he said, is not only a source of personal pride — but one that is shared by all Italians.

Italy played Thursday with a black band on their uniforms to mourn Armani's death.

“Everybody in Italy loves him and I said to the players before the game that we have to play in the memory of Mr. Armani,” Pozzecco said. “I knew him personally. ... He makes all Italians feel proud, because of him.”

NBA star Russell Westbrook, a designer himself and one of the most fashion-savvy players in the league, paid tribute to Armani on Friday in his periodic newsletter. Westbrook often discusses fashion in his newsletters, sharing some trends that he's particularly fond of at a given time.

“Mr. Armani never stopped innovating, rewriting the rules of the suit for both men and women, and making his looks the most striking thing on any red carpet,” Westbrook wrote. “He really helped redefine elegance with timeless tailoring and understated luxury. In honor of him, stick to clean lines in order to elevate your look — elevating is what Armani always did.”

Armani was a regular attendee at basketball and soccer games all over Europe, had ties to some top clubs in both sports, had been an Olympic torchbearer and even was involved in outfitting Italian Olympic teams — including the uniforms they'll wear at the upcoming Milan-Cortina Games this coming winter.

He also had a passion for the Special Olympics, which paid tribute with a statement saying, “Giorgio Armani understood how the worlds of fashion and sport often intersected.”

“From designing uniforms for our Special Olympics athletes and featuring them on holiday cards, through to his fundraising leadership at our 2025 Winter World Games in Italy, Giorgio supported Special Olympics for over four decades,” the organization said. “His impact on our movement will last for generations.”

Riley called him “an absolute giant.”

“A true talent and once in a generation person that will never be equaled,” Riley wrote in a statement from himself and his wife, Chris. “Giorgio has inspired so many in the fashion world and has left big footprints to follow. What a legacy.”



China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
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China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier

China's HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas, daily la Repubblica reported on Friday.

Details still need to be defined but the offer gives the luxury group an enterprise value of 10 times the core profit expected by the end of the year, debt included, the newspaper said.

Golden Goose's revenues totaled 655 million euros in 2024, with an adjusted core profit of 227 million euros.

HSG has asked veteran fashion industry executive Marco Bizzarri to become Golden Goose's future chairman, la Repubblica said, adding that the Chinese private equity aims to expand Golden Goose's directly-managed stores, particularly in Asia, and plans to list the group in the medium-term.

Last year the Venice-based company, which sells sneakers for more than 500 euros a pair, shelved plans for an initial public offering on the Milan Bourse, citing market volatility caused by political uncertainty in Europe.


Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.