Armani's Last Collection Shown in Solemn Runway Show with Richard Gere, Lauren Hutton in 1st Row

Models present creations by late Italian designer Giorgio Armani of the Spring/Summer 2026 Women's Collection at the Milan Fashion Week, in Milan, Italy, 28 September 2025. EPA/MATTEO CORNER
Models present creations by late Italian designer Giorgio Armani of the Spring/Summer 2026 Women's Collection at the Milan Fashion Week, in Milan, Italy, 28 September 2025. EPA/MATTEO CORNER
TT

Armani's Last Collection Shown in Solemn Runway Show with Richard Gere, Lauren Hutton in 1st Row

Models present creations by late Italian designer Giorgio Armani of the Spring/Summer 2026 Women's Collection at the Milan Fashion Week, in Milan, Italy, 28 September 2025. EPA/MATTEO CORNER
Models present creations by late Italian designer Giorgio Armani of the Spring/Summer 2026 Women's Collection at the Milan Fashion Week, in Milan, Italy, 28 September 2025. EPA/MATTEO CORNER

The last Giorgio Armani collection signed by the late designer himself and marking the 50th anniversary of his signature line was shown Sunday night in a solemn runway show that gathered Hollywood stars and Italian friends in tribute.

Richard Gere, Lauren Hutton, Glenn Close and Spike Lee attended the black-tie gala in the courtyard of the Brera Art Gallery where an exhibition features 129 Armani creations in dialogue with Italian masterpieces, The Associated Press reported.

Stars reminisce They include one of the soft-shouldered suits that Gere wore in “American Gigolo,’’ looks that helped catapult Armani to global fashion stardom. Gere said he had no idea the Armani suits he wore in the 1980 movie would make fashion history, but he said they helped him decide how to approach the role.

“I was trying the suits on, and I hadn’t decided how I was going to play this character at all,’’ Gere told The Associated Press from the front row. “And I had to do it very quickly. I had a couple of weeks to figure it out. I started trying the clothes on, and the clothes actually started telling me who this guy was.’’

Hutton, Gere's “American Gigolo" co-star, reminisced about a light blue suit that Gere wasn't sure about. She called Armani a “treasure” who contributed greatly to Italy's economy, and remembered attending a Giorgio Armani fashion show shortly after Gigolo came out.

Armani “gave me a pair of diamond earrings. And they are still the only pair of diamond earrings I have ever had,’’ Hutton said.

Hollywood stars and friends alike honored Armani for his key role in helping putting Milan at the center of global fashion.

“A giant for the industry. A great humanitarian,’’ Lee said as he arrived for the show.
Close said she wrote Armani letters on a regular basis, even if she never sat down with him one-on-one.

“I’m here because he meant a tremendous amount in my life. He was generous about lending me clothes for events. He once came to London to see a play that I was in. I felt like he was a very special element in my life,″ Close told AP.

"I was just in his aura.″

The final looks During the show, models walked slowly in pairs, women half a step in front of the men, around the colonnaded courtyard filled with the same glowing paper lanterns that had lit Armani’s showroom for the public viewing attended by 15,000 mourners.

Italian composer Ludovico Einaudi played live.

The coed collection paid tribute to Armani’s two Italian homes, his adopted city of Milan and the Sicilian island of Pantelleria, with the sandy colors of the island neighboring Africa transitioning to the urban blues and grays, in a river of relaxed tailoring that defined the Armani silhouette.

Pockets in the draping of evening dresses were a testament to Armani’s practicality, and appreciation for his client’s needs.

One model walking alone in a glittering blue evening dress closed the show, a wave of applause following her around the courtyard like a stadium cheer.

At the end of the show, Armani’s creative heirs, his niece Silvana Armani for womenswear and Leo Dell’Orco for menswear, received a standing ovation.

Final farewell Armani died Sept. 4, just weeks before Milan Fashion Week and a series of events marking the 50th anniversary of the Giorgio Armani fashion house that he built to a global powerhouse.

The Armani empire was worth about 10 billion euros (nearly $12 billion) at the time of his death. He stipulated that his heirs should sell an initial 15% stake of the business, which includes the Giorgio Armani and Emporio Armani lines as well as hotels and the home decor line Armani Casa, within three years of his death.

The buyer must have expertise in the fashion world, and Armani expressed a preference for the LVMH French fashion conglomerate, the L’Oreal beauty company or EssilorLuxottica, the eyewear company of which Armani owned a 2% stake.

Milan Fashion Week, which ended Sunday, included tributes to Armani for his legacy in shaping Italian fashion, in particular from smaller fashion houses like Stella Jean and Francesca Liberatore.



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
TT

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)
TT

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
TT

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.