The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Giorgio Armani may consider a joint venture with another Italian company, the founder of the Milanese fashion house told US magazine Vogue, opening the door for the first time to a potential business partner.
In an interview published on the vogue.com website, Armani, 86, said the Covid-19 emergency had “made us open our eyes a bit.”
Armani ruled out going the way of many other Italian luxury goods brands, including Gucci, Fendi and Bulgari, which have been bought by industry giants LVMH and Kering SA , saying a French buyer was not on the cards.
However, he said his long-held idea that the company should remain independent was no longer “so strictly necessary.”
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“One could think of a liaison with an important Italian company,” he said without elaborating, except to add that it did not have to be a fashion company.
Vogue also quoted Armani’s niece Roberta Armani, who works at the family’s company, as saying “it could be great, finally, to have an important Made in Italy joint venture in the fashion industry” though she added she had no insight on her uncle’s plans.
By Valentina Za; editor: Jonathan Oatis
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.