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
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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.



Burberry’s Strong US Sales Offset Iran War Impact in Europe

A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
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Burberry’s Strong US Sales Offset Iran War Impact in Europe

A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)
A Burberry trench coat with the Burberry label is displayed at the Burberry flagship store in Regent Street, London, Britain, September 8, 2025. (Reuters)

Burberry's recovery continued in the April-June quarter thanks to strong sales in the US and China, while it said conflict in the Middle East dented ‌tourist spending ‌in Europe.

CEO Joshua ‌Schulman, ⁠who has led ⁠a turnaround since taking the helm two years ago, has said he is focused on the two "must-win" markets of the ⁠US and China as ‌he ‌tries to revive the luxury brand.

The strategy ‌appeared to be working, ‌with Burberry saying on Friday that Gen Z customers in China helped sales increase 9% ‌in that key market from a year earlier, while ⁠sales ⁠in the Americas grew 12% as the brand attracted new customers.

Overall, comparable store sales in Burberry's first financial quarter grew 5%, in line with analysts' expectations, while sales in the Europe and Middle East region fell 3%.


Frasers Withholds Outlook as Hugo Boss and Accent Bids Cloud Forecast

People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
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Frasers Withholds Outlook as Hugo Boss and Accent Bids Cloud Forecast

People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay
People walk past a Flannels store in London, Britain, December 4, 2025. REUTERS/Hannah McKay

British retailer Frasers on Thursday withheld its fiscal 2027 outlook, saying ongoing takeover bids for German fashion house Hugo Boss and Australian footwear chain Accent made it difficult to forecast the year ahead.

The announcement, which accompanied news that the group had missed profit forecasts for the year to April 26, ‌sparked a near 6% ‌drop in the Mike Ashley-owned sportswear and ‌fashion retailer's ⁠shares in early ⁠trade.

The results highlight the growing complexity of CEO Michael Murray's acquisition-led strategy, which has expanded the Sports Direct owner's global footprint but also generated heavy goodwill writedowns and operating costs.

"We think (Frasers') complexity and its lack of liquidity will continue to weigh on its valuation, and we think its proposed acquisition of Hugo Boss may add ⁠to execution risk and its financial leverage," said ‌RBC Capital Markets analyst Richard Chamberlain.

The ‌group said adjusted pre-tax profit fell 4% to £538 million ($727.9 million) in fiscal 2026, ‌missing its own forecast of £550 million to £600 million and analysts' ‌consensus of £564.2 million, according to LSEG data.

BIDS YET TO YIELD RESULTS

Hugo Boss earlier this month rejected Frasers' takeover bid as "financially inadequate", while an independent committee of Accent's board also recommended that a takeover proposal from the group ‌be rejected.

Frasers booked £249.9 million of impairment charges in fiscal 2026, up sharply from a £9.6 million reversal ⁠in the prior ⁠year, after fully writing down goodwill assigned to Nordic sports retailer XXL, Dutch chain Twinsport and own-brand Everlast.

It also partially impaired goodwill relating to its South African acquisition Holdsport due to weaker growth expectations.

Frasers has also been hit by challenging market conditions, subdued consumer confidence and excess inventory in recent months, which it said continued through the second half of the year and into the starting months of fiscal 2027.

"These pressures are weighing on the entire sector, creating a prolonged and challenging environment, meaning the full potential of this progress has not yet been realised," the company said in a statement.


Kering Appoints LVMH Fragrance Chief Spitzer as New Bottega Veneta CEO

The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
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Kering Appoints LVMH Fragrance Chief Spitzer as New Bottega Veneta CEO

The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)
The logo of French luxury group Kering is seen at the company's headquarters in Paris, France, April 24, 2025. (Reuters)

French luxury group Kering has appointed Romain Spitzer as the new CEO of Bottega Veneta, it said on Wednesday.

Spitzer, currently president and CEO of Fragrance Group LVMH Beauty, will ‌join the ‌Italian fashion ‌brand ⁠from September 1, the ⁠company said in a statement.

Bottega Veneta had been without a CEO since March 31.

The previous ⁠CEO, Bartolomeo Rongone, left ‌the ‌label earlier this year to ‌lead Italy's Moncler.

Spitzer ‌is a fragrance industry veteran.

His career includes stints at Jean Paul Gaultier, ‌Yves Saint Laurent, Christian Dior and LVMH.

He ⁠was ⁠promoted in October 2025 to lead the Fragrance business at LVMH Beauty.

Kering said Spitzer will focus on enhancing Bottega Veneta's desirability, deepening connections with clients worldwide and driving retail excellence across markets.