Armani's Final Collection to Close Milan Fashion Shows

 Giorgio Armani's creations are displayed during the exhibition "Giorgio Armani - 50 Years" opened to the public at the Pinacoteca di Brera in Milan, Italy, Wednesday, Sept. 24 2025. (AP)
Giorgio Armani's creations are displayed during the exhibition "Giorgio Armani - 50 Years" opened to the public at the Pinacoteca di Brera in Milan, Italy, Wednesday, Sept. 24 2025. (AP)
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Armani's Final Collection to Close Milan Fashion Shows

 Giorgio Armani's creations are displayed during the exhibition "Giorgio Armani - 50 Years" opened to the public at the Pinacoteca di Brera in Milan, Italy, Wednesday, Sept. 24 2025. (AP)
Giorgio Armani's creations are displayed during the exhibition "Giorgio Armani - 50 Years" opened to the public at the Pinacoteca di Brera in Milan, Italy, Wednesday, Sept. 24 2025. (AP)

Giorgio Armani's final collection goes on show Sunday at Milan Fashion Week, originally intended as a 50th anniversary celebration for the Italian house, but now serving as a final tribute.

The legendary designer, who was head of a billion-dollar fashion empire, died this month aged 91.

Sunday evening's catwalk show had been planned as the crowning event of a year of celebrations of Armani's group.

It was organized in the Pinacoteca di Brera, the art gallery where more than 120 of his creations have been displayed as part of an anniversary exhibition that opened this week.

The company decided both the exhibition and catwalk show would go ahead despite Armani's death, but Sunday's event is expected to be a somber affair.

It is black tie, and will be followed by a visit around the exhibition, in which iconic outfits -- from red carpet gowns to Richard Gere's suit in "American Gigolo", a film which helped make Armani famous -- have been placed in and around masterpieces of Italian Renaissance art.

As a memory, guests were given with their invitations a white t-shirt with Armani's image printed on the front.

The designer's last collection for the more accessible Emporio Armani line was shown earlier this week in Milan, a fashion week he helped found.

The show was based on the idea of the return to the city after a journey, with raffia caps, wide trousers and nomadic bags reminiscent of distant place, gradually changing into a city wardrobe.

There were jackets, parkas, jumpsuits and skirts, waistcoats and evening wear in ultra-light nylon, in a typically muted palette of beige, black and mineral grey.

Sunday's Giorgio Armani show brings an effective end to Milan Fashion Week, although the program continues until Monday.

Some of the top names in Italian fashion have shown their spring/summer 2026 collections this week, from Prada to Gucci, Fendi and Dolce & Gabbana.



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.