Giorgio Armani to Be Laid to Rest in Private Funeral 

A photo shows a general view of the Church of San Martino before the funeral of late Italian fashion designer Giorgio Armani, in the village of Rivalta, in the outskirts of Piacenza, northern Italy, on September 8, 2025. (AFP)
A photo shows a general view of the Church of San Martino before the funeral of late Italian fashion designer Giorgio Armani, in the village of Rivalta, in the outskirts of Piacenza, northern Italy, on September 8, 2025. (AFP)
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Giorgio Armani to Be Laid to Rest in Private Funeral 

A photo shows a general view of the Church of San Martino before the funeral of late Italian fashion designer Giorgio Armani, in the village of Rivalta, in the outskirts of Piacenza, northern Italy, on September 8, 2025. (AFP)
A photo shows a general view of the Church of San Martino before the funeral of late Italian fashion designer Giorgio Armani, in the village of Rivalta, in the outskirts of Piacenza, northern Italy, on September 8, 2025. (AFP)

Family and close friends were set to gather in a private funeral on Monday for Giorgio Armani, the legendary Italian fashion designer who died last week at the age of 91.

Armani will be laid to rest next to his parents and older brother in a family chapel in Rivalta, a village about 100 km (62 miles) south-east of Milan and near the city where he was born, Piacenza.

In a mark of respect, Armani stores will close in the afternoon.

"We will say goodbye to him as a family and then move forward as he would have wanted. Everything is ready to remember him with his fashion," his partner Pantaleo Dell'Orco was quoted as saying by Corriere della Sera daily.

Right up to his death, Armani was working on a retrospective exhibition and a fashion show to celebrate 50 years of being in business, during Milan Fashion Week in late September. His company has to date not announced any changes to the program.

The designer's death was announced on Thursday, sparking an outpouring of international grief, with tributes flowing in from Hollywood stars, sporting champions, business and political leaders and ordinary people.

Over the weekend, thousands came to pay their respects to the man known as "Re Giorgio" (King Giorgio) as his wooden casket, adorned with white roses, was put on display at Armani's headquarters in Milan.

"I feel very saddened, because he was a man of great style who, of course, has left an indelible mark... We are definitely losing a great, truly great talent," Milan resident Alessandra Torchio said on Monday.

Armani died after a five-decade career in which he built a business empire spanning haute couture to home furnishing, with his name becoming synonymous with elegant simplicity.

He had no children but worked with a trusted group of family members and long-term confidants who are expected to carry on running the business over which he exercised tight control.



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.