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Japan to back $550-bn investment package under US tariff deal

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Japan to back 0-bn investment package under US tariff deal



Japan will set up an investment facility at the state-owned Japan Bank for International Cooperation (JBIC) to support a $550-billion investment package under its tariff deal with the United States, it has announced.

The package, detailed in a recent memorandum of understanding (MoU), focuses on sectors like metals, pharmaceuticals, energy, shipbuilding, artificial intelligence, quantum computing and chips, with investments planned till January 2029.

Japan will set up an investment facility at the state-owned Japan Bank for International Cooperation to back a $550-billion investment package under its tariff deal with the US.
President Donald Trump will direct the investments and the projects.
All investments will be made before the conclusion of Trump’s term in office.
The US-Japan MoU offers the latter the choice to opt out of some investments.

President Donald Trump will direct the investments and the projects funded by Japan. All investments will be made before the conclusion of Trump’s term in office.

The MoU document, signed in Washington, DC, by US commerce secretary Howard Lutnick and Ryosei Akazawa, Japan’s minister in charge of economic revitalisation and the country’s chief tariff negotiator, includes a ‘boomerang’ clause, which states that tariffs could be taken back to higher levels if Japan declines to make investments.

Safeguards include a committee and consultation structure that brings some governance to the process, profit-sharing that is more favourable to Japan than originally envisioned and a recognition that Japan does have some authority to pick and choose deals.

“What we’ve achieved with our Japanese partners is an absolute game changer for America’s future—and it’s exactly what the America First trade agenda is all about,” Lutnick wrote in a post on X.

“For the first time ever, President Trump will literally direct these investments for the benefit of America,” he wrote.

As part of the deal reached by the two countries on July 22, Japan committed to invest up to $550 billion into key industries in the United States, but the time frame and precise implementation were left undefined.

The investment committee should consult a committee with representatives from both nations before submitting recommendations to the US President. The body will provide input related to the strategic and legal considerations of the investments, according to US media reports.

Each selected project will be executed by a special-purpose entity managed by the United States or a designee in the capacity of general partner, the MoU noted.

The MoU offers Japan the choice to opt out of particular investments. But before such a decision, it must consult with the United States. By declining to fund certain projects, Japan will lose profit rights until the United States is compensated, and risks new tariffs imposed on its exports.

The MoU also outlined a two-phase distribution plan for profits generated by the projects. Profits are shared 50-50 until both countries have received a baseline entitlement amount, which covers interest, part of the original investment and any carryover. After that, the United States gets 90 per cent of profits and Japan gets 10 per cent.

Fibre2Fashion News Desk (DS)



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UK retail footfall ends September on a high note

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UK retail footfall ends September on a high note


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September 29, 2025

UK retail footfall saw a “strong rebound” last week (21-27 September), both week on week and year on year, according to specialist tracker MRI Software. 

Photo: Pixabay

Overall visits to UK retail destinations rose by 5.4% last week compared to the week before driven by a 7.7% surge in high street activity which was boosted by double-digit increases on Sunday (+22.3%), Wednesday (+10.8%) and Saturday (+12.4%). 

This may well be due to the back-to-university period as students got ready for the new term. It was also reflected by a 9.4% uplift in regional cities outside of London week on week. Market and historic towns also noticed rises of 8% and 6.2%, respectively.

MRI said retail parks and shopping centres saw an increase in visits week on week, however they were only modest at 2.5% and 3.6%, respectively. But both destination types saw steady increases daily as shopping centres followed a similar trend to high streets with activity peaking on Sunday (+6.8%), Thursday (+3.8%) and Saturday (+6.9%). The lift at the end of the week could have been all about payday weekend, providing shoppers with the chance to begin shopping for Halloween/the festive season. It seems the countdown to the Golden Quarter is under way.

Year on year, visits to UK retail destinations increased by 4.4%, probably due to good weather as a year ago, heavy rain and floods dampened the appetite for shopping.

This time, high streets led the charge once again with activity rising by 5.8%, followed by retail parks (+4.2%) and shopping centres (+1.9%). Central London (+8.3%) saw a strong lift in annual visits driven by increased activity on Thursday and Friday averaging +13.2% which could reflect an increase in the number of events taking place in the capital including the final dates of the Oasis tour. 

Importantly too, the months’ final week looked strong, raising hopes that October may be good too. 

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Milan bids farewell to Giorgio Armani at 50th-anniversary show

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Milan bids farewell to Giorgio Armani at 50th-anniversary show


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September 29, 2025

​Milan, fashion and a legion of movie stars bid farewell to Giorgio Armani at his 50th-anniversary show on Sunday evening, the final collection created by the legendary designer.

Giorgio Armani – Spring-Summer2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

 
Presented 24 days after his passing on September 4, the show was staged inside the city’s most important museum, the Pinacoteca di Brera. Post-show, guests were treated to a new exhibition – “Giorgio Armani, Milano, Per Amore” – where classic looks by the designer were placed among masterpieces of Renaissance art.

The collection marked the last ever designed by Armani, and leave it to Giorgio to go out on a high, with brilliantly fresh, light and contemporary tailoring.

Set in the grand neo-classical courtyard of the Pinacoteca, illuminated by tea-lights, the show was beautifully staged. Armani would surely have been proud at how well his house and team had performed.
 
Made in supremely light silks, dry linens and printed cottons, Armani cut beautiful pajama suits for men, and breezy tunics and boleros for women. Fashion’s greatest tailor inventing new dhoti pants and deconstructed blazers again. He referenced his island home in sunny Pantelleria in the color palette: burnt sand, lava, stone and sea blue. 

Giorgio Armani – Spring-Summer2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

For evening, he looked east with beautiful pantsuits in velvet and plissé silk in deep purple, sapphire and azure. All the cast in flats, walking solemnly around the space as Einaudi’s “Divenire” defined the mood.
 
As the final look passed on Giorgio’s mannequin de cabine and muse Agnes Zogla, the entire audience of 700 rose in a standing ovation.
 
Led by Cate Blanchett, Glenn Close, Spike Lee, Lauren Hutton and Richard Gere, reminders of Giorgio’s unique collection to cinema. The Milan designer dressed actors in over 100 moving pictures.
 
One floor above, one could even find one of Gere’s legendary seducer looks for the 1980 film “American Gigolo”, placed before paintings by Bernardino Luini and Vincenzo Foppa.
 
A slew of designers flew into to pay their respects, to the single most influential designer of the past half century.  Sir Paul Smith, Dries Van Noten, Dean and Dan Caten, Francesco Scognamiglio, Alessandra Facchinetti and Ronnie Fieg. Notably, most of them designers – like Armani – who resolutely still control their own brands.  
 

Giorgio Armani – Spring-Summer2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

“I wore Armani all the time in my youth. And even a jacket from the first Emporio collection with an eagle on the back. He was a master designer,” recalled Dries.  
 
“You had to admire what Giorgio built. And he still owned it all himself. Pretty remarkable,” underlined Smith. 
 
“Respect, we’ve all come to show it,” said Dean Caten. “No one merited more,” added brother Dan. 
 
The house elegantly invited a dozen veteran models to walk in the show, led by Daniela Pestova and Mark Vanderloo. While the aisles were full of dignitaries: Camera president Carlo Capasa, French Federation boss Pascal Morand, Santo Versace, football star Dusan Vlahovic, TV presenter Lilli Gruber, dancers Roberto Bolle and Hugo Marchand, film directors Giuseppe Tornatore and Marco Bellocchio.
 
As a memory, guests were given with their invitations a white T-shirt with Armani’s image printed on the front. Though the dress code was black tie, many wore the T-shirt to the show.

Giorgio Armani – Spring-Summer2026 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Though the most impressive presence was composer Luigi Einaudi, whose piano performance was magical. Playing as Giorgio’s partner Leo Dell’Orco and niece Silvana Armani took the bow. 
 
The night before, the Camera della Moda – Italian fashion’s governing body – presented its Legacy Award.  in La Scala posthumously to Armani, represented by his family, Silvana, Leo and nephew Andrea Camerana.
 
“He was a creative leader, yes, but also a gentle and generous lion. He believed in the lasting power of his work, as we all do,” said Anna Wintour, in a tribute to Armani at the Camera’s Sustainable Fashion Awards. 
 
The Pinacoteca di Brera first approached Armani last year about organizing a retrospective of his work to mark the 50th anniversary of his fashion house. The result elegantly showcases his creations before exceptional works of art in the storied museum.

Silhouettes designed by Giorgio Armani in front of works of art at the Brera Museum
Silhouettes designed by Giorgio Armani in front of works of art at the Brera Museum – @agnese_bedini @melaniadallegrave @dsl__studio

Curiously, even though fashion exhibitions are now quite common in major museums like the Met in New York, the V&A in London and even the Louvre, this is the first important retrospective of an Italian designer in Milan. Another first for Giorgio.

Armani’s greatest hits will now stand before masterpieces of the Italian Rinascimento: Raphael, Mantegna, Piero della Francesca, Botticelli, Titian, Mantegna and Tiepolo.
 
After the 75 looks in the show, one could discover 129 silhouettes from Armani’s wardrobe in the exhibition – for women and men, spanning his beginnings in the 1980s to the present day. 

The exhibition “Giorgio Armani: Milano, Per Amore”, runs until January 11, 2026. Serious fashionistas should not miss it.
 
We will not see his like again.
 

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Milan: An invitation to journey with Calcaterra, J. Salinas and Pierre-Louis Mascia

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Milan: An invitation to journey with Calcaterra, J. Salinas and Pierre-Louis Mascia


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September 28, 2025

After the rain that spoiled part of fashion week, the final day of Milan’s in-person catwalk shows drew to a close in style beneath an azure sky on Sunday. Before the much-anticipated Giorgio Armani show that rounded off the day, several collections stood out for their creative richness, each designer immersing onlookers in a distinct world, from Calcaterra’s Berber-accented fashion to the virtuoso knitwear crafted by Peruvian artisans for J.Salinas, via the cinematic and 18th-century inspirations of Pierre-Louis Mascia.

Pierre-Louis Mascia, spring-summer 2026 – ©Launchmetrics/spotlight

Yves Montand’s warm voice humming “Les Feuilles Mortes” opened Pierre-Louis Mascia’s enchanting show; he is unrivalled in conjuring a poetic atmosphere steeped in nostalgia. For his new collection, the Toulouse-born designer drew inspiration from his favourite film, Marcel Carné’s “Les Enfants du Paradis”.

“The setting is a theatre, and the theme revolves around impossible love affairs. This black-and-white film, shot during the war, sets the tone for the collection with faded, dusty, sun-bleached hues, into which colour gradually seeps,” he explained.

Another source of inspiration is the 18th-century fabrics and silk jacquards of court dresses held in the archives of the Musée Galliera, to which Mascia gained access as part of a partnership between the label and the Paris institution, to be announced next March.

These two strands culminated in a refined, supremely elegant collection, with silk taking the lead in shimmering, fluid pieces. The light, comfortable garments featured very few fastenings and eschewed superfluous details. Front and centre were Mascia’s drawings and illustrations, including twenty-one new original prints in which diverse themes collide in finely calibrated balance.

Landscapes in India ink, foliage, toile de Jouy, animal prints, tapestry effects, abstract or geometric motifs, and paisley all come together harmoniously in precious silhouettes. A little silk robe-style coat slipped, revealing a shoulder. Blouses matched skirts in the same tones, while their prints evoked imaginary, melancholy tales.

Blouses and slip dresses were cut from finely fringed shawls. Delicate tunics fell to the knee over trousers tied at the ankle, at times recalling saris. Lightweight overcoats whirled above shirts and skirts fashioned from silky fabrics. Backed by his partner, the Como silk printer Achille Pinto, Mascia also offered this season a breathtaking series of silk pieces that perfectly simulate denim. Since he began showing, his visibility has grown. For 2025, revenue is expected to rise by 15%.

Calcaterra, spring-summer 2026 – ©Launchmetrics/spotlight

For Spring/Summer 2026, Daniele Calcaterra conceived a journey through time and cultures, leaping between the twenties, forties and nineties, with a detour via the Sahara. The collection oscillated between austere, masculine rigour and sensuous, free-flowing femininity.

On one side, there were trench coats, overcoats and, above all, suits with wide-lapel jackets, oversized men’s waistcoats and generously cut trousers with rounded lines, whose volume imbued women with power. This comfortable, practical wardrobe was conceived for everyday life, featuring, among other pieces, two-tone jeans, the classic striped shirt elongated into a tunic at the back, a slit pencil skirt and a chic suit with a swirling skirt.

On the other, the wardrobe turned more lustrous and fluid, with long fringed silk dresses that caressed the body, cloud-like tops punctuated with ostrich feathers or formed from series of fine fringes in differing lengths, and sheer organza looks. Scarves were worked into outfits to lend an airy touch, whether in skirts or T-shirts. They were sometimes draped over the shoulders like little capes, or tied around the neck.

Ethnic details ran throughout, such as Berber jewellery and belts edging the collars and cuffs of certain blouses.

J. Salinas, spring-summer 2026 – ©Launchmetrics/spotlight

For his second Milan show, J.Salinas enlisted the services of stylist Anna Dello Russo. Designer Jorge Luis Salinas, determined to win over the European market, pulled out all the stops, staging his show in an elegant, sun-drenched city-centre garden.

Ever focused on knitwear, the Peruvian couturier—who deploys countless knitting techniques to crochet sinuous mermaid dresses in a multitude of stitches—broadened his offer this season with more wearable pieces designed for a Western clientele. These include mini dresses, miniskirts, shorts, flared trousers, jackets and cropped tops with ruffled shoulders, tied at the back with long knitted ribbons.

The collection was presented in a pastel palette of dragée pink, sage green, sky blue and tangerine, spotlighting Peruvian craftsmanship. Each piece was knitted in Pima cotton by local craftswomen, then assembled to create openwork garments composed of a cascade of motifs (roses, flowers, raised polka dots, feathers, shells, and scales), layers of doilies and other lace which, arranged in garlands, traced curves and whorls around the body.

Salinas collaborates with communities of craftswomen across the country—around fifty knitters who enrich his work, each bringing her own ideas and skills. Seven of them were present in Milan on Sunday. They came to greet the public in their traditional dress to a round of applause.

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