Fashion
Giorgio Armani passes away aged 91
Published
September 4, 2025
Giorgio Armani, the most influential Italian fashion designer in history and the defining tailor of his time, has passed away. He was aged 91.
“With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani,” the company said in a release.
Il Signor Armani, as he was always respectfully and admiringly called by employees and collaborators, passed away peacefully, surrounded by his loved ones. Indefatigable to the end, he worked until his final days, dedicating himself to the company, the collections, and the many ongoing
and future projects, it added.
“Over the years, Giorgio Armani has crafted a vision that expanded from fashion to every aspect of life, anticipating the times with extraordinary clarity and pragmatism. He has been driven by relentless curiosity and a deep attention to the present and to people. Along this journey, he established an open dialogue with the public, becoming a beloved and respected figure for his ability to connect with everyone,” the Milan based house said.
The funeral chamber will be set up from Saturday, September 6th to Sunday, September 7th, and will be open from 9 a.m. to 6 p.m., in Milan, at Via Bergognone 59, inside the Armani/Teatro.
In accordance with Mr. Armani’s explicit wishes, the funeral will be held private.
Always mindful of the needs of the community, he has been active on many fronts, especially in support of his beloved Milan.
Giorgio Armani is a company with fifty years of history, built with emotion and patience. Giorgio Armani always made independence – of thought and action – his hallmark. The company is, now and always, a reflection of this spirit. His family and employees will carry the Group forward in respect and continuity of these values.
“In this company, we have always felt like part of a family. Today, with deep emotion, we feel the void left by the one who founded and nurtured this family with vision, passion, and dedication. But it is precisely in his spirit that we, the employees and the family members who have always worked alongside Mr. Armani, commit to protecting what he built and to carrying his company forward in his memory, with respect, responsibility, and love,” the statement from his employees and his family read.
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Pic: Alexandros Michailidis / Shutterstock.com
Insights
- In a meeting with export promotion councils and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.
- There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns.
In a meeting with export promotion councils (EPCs) and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.
The meeting was scheduled to address rising global tariffs, explore solutions and chart a path forward amid shifting trade dynamics.
In a meeting with export promotion councils and industry associations yesterday, Indian Minister of Commerce and Industry Piyush Goyal urged exporters to upgrade product quality, align with global standards, diversify supply chains and explore alternate markets.
There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns.
Exporters and industry representatives highlighted the challenges posed by these tariff barriers, their impact on the competitiveness of Indian goods in key international markets and stressed on the need for targeted, sector-specific interventions, according to a release from the ministry.
Goyal reaffirmed the government’s commitment to safeguarding the interests of Indian exporters amidst the evolving global trade scenario.
There was a broad consensus on the need for alternative mechanisms, with the government committed to addressing sectoral concerns and driving sustained export growth.
Fibre2Fashion News Desk (DS)
Signed on August 23, the decree was announced by Minister of Economy Marcelo Ebrard, who said it aims at protecting the domestic footwear industry.
A recent Presidential decree in Mexico temporarily suspended imports of finished footwear under the Manufacturing, Maquiladora and Export Services Industry programme.
Signed on August 23, the decree was announced by Minister of Economy Marcelo Ebrard, who said it aims at protecting the domestic footwear industry.
The sector contracted by 12.8 per cent YoY in 2024, losing nearly 11,000 formal jobs.
Between 2019 and 2024, Mexico’s footwear sector saw a cumulative 3.1-per cent GDP drop and a 2.8-per cent drop in employment. The sector contracted by 12.8 per cent year on year (YoY) in 2024, losing nearly 11,000 formal jobs, the decree noted.
Imports of finished footwear under IMMEX rose sharply in 2024, increasing by 159 per cent in volume and 60.3 per cent in value compared with 2023. Compared with 2021, imports were 24 times higher in volume and 12 times higher in value.
The Huamantla Development Hub in Tlaxcala, one of 15 federal projects under Plan México, is 80 per cent committed to domestic and foreign investments and is expected to create about 6,000 jobs when operations begin next year, he was cited as saying by domestic media reports.
Fibre2Fashion News Desk (DS)
Published
September 4, 2025
G-III Apparel announced on Thursday sales for the second quarter fell 5% to $613.3 million, as the U.S. fashion group lowered its full-year guidance, citing macro-economic headwinds.
The New York-based company said net income for the three months ending July 31 was slashed to $10.9 million, or $0.25 per diluted share, compared to $24.2 million, or $0.53 per diluted share, in the prior year’s quarter.
Despite the quarterly drop, the company said it exceeded expectations across both net sales and earnings during the quarter, driven by the strong momentum of its fashion portfolio, led by DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin.
“These results highlight our ability to execute on our strategic priorities and leverage our powerful corporate platform to maximize the full potential of our globally recognized brands,” said Morris Goldfarb, G-III’s chairman and chief executive officer.
Looking ahead, G-III Apparel said it expects a total incremental tariff cost of approximately $155 million for fiscal 2026, partially offset through vendor participation, strategic sourcing shifts and targeted price increases. The remaining unmitigated impact, is estimated at $75 million, primarily affecting the second half of the year.
As a result, the company it now forecasts net income to be between $112 million and $122 million, or diluted earnings per share between $2.53 and $2.73, compared to net income of $193.6 million, or $4.20 per diluted share, for fiscal 2025.
Net sales are expected to be approximately $3.02 billion, compared to net sales of $3.18 billion for fiscal 2025.
“Looking ahead, we have updated fiscal 2026 guidance to reflect the current macro environment, a more cautious outlook from our retail partners, as well as the impact of tariffs on our top and bottom lines. We are actively mitigating tariff pressures through a combination of vendor participation, selective sourcing shifts, and targeted price increases.”
In June, G-III Apparel filed a $250-million lawsuit against PVH Corp., escalating tensions between the two fashion giants with allegations of breached licensing agreements and interference in business relationships.
The complaint, filed in New York state court, targets PVH and its Calvin Klein Inc. and Tommy Hilfiger licensing divisions.
Copyright © 2025 FashionNetwork.com All rights reserved.
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