Armani’s Fashion Legacy Celebrated at Milan Retrospective

People walk past a closed Giorgio Armani store as it closes for mourning on the day of the Italian fashion designer’s funeral, in Rome, Italy September 8, 2025. (Reuters)
People walk past a closed Giorgio Armani store as it closes for mourning on the day of the Italian fashion designer’s funeral, in Rome, Italy September 8, 2025. (Reuters)
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Armani’s Fashion Legacy Celebrated at Milan Retrospective

People walk past a closed Giorgio Armani store as it closes for mourning on the day of the Italian fashion designer’s funeral, in Rome, Italy September 8, 2025. (Reuters)
People walk past a closed Giorgio Armani store as it closes for mourning on the day of the Italian fashion designer’s funeral, in Rome, Italy September 8, 2025. (Reuters)

A retrospective celebrating half a century of Giorgio Armani's work will kick off at a Milan museum on Wednesday, showcasing more than 100 creations including rare dresses and suits that defined the legendary Italian designer's understated elegance.

Armani, known in the fashion world as "King Giorgio", died earlier this month at the age of 91 in Milan, a city with which he had a deep personal and professional connection.

The exhibition, which starts during Milan Fashion Week and runs through January, was curated with Armani's direct input and coincides with the label's 50th anniversary.

ARMANI'S LAST COLLECTION WILL HIT THE RUNWAY

It sets the tone for a week that blends mourning with celebration, culminating in a runway show of Armani's spring collection on Sunday evening at the Brera art museum, where the exhibition is also being held.

Garments including striking blue and red dresses are set among Italian art masterpieces from the Middle Ages to the 19th century.

"Armani's aesthetic rigor is also an ethical rigor, like that of the greats of the past," museum director Angelo Crespi said.

The retrospective marks the end of an era and the beginning of a new chapter for the iconic brand.

Armani remained fiercely independent throughout his career, resisting takeover approaches and a stock market listing. In his will, however, he instructed heirs to sell the company in two phases, naming French luxury conglomerate LVMH, beauty giant L’Oréal, and eyewear heavyweight EssilorLuxottica as possible buyers.

Until then, the business remains in the hands of Armani's closest family members and confidants, including longtime collaborator Pantaleo Dell'Orco, who will oversee the transition alongside a foundation created by the designer.

The Milan Fashion Week kicked off on Tuesday with a Gucci event and runs to September 29. Prada, Dolce & Gabbana and Fendi are among the brands showcasing new collections.



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.