Overview

• Sunday’s Giorgio Armani runway, staged at Milan’s Pinacoteca di Brera, served as a solemn tribute and the week’s finale alongside an anniversary exhibition of more than 120 looks.
• The company kept the planned show and exhibition on the calendar following the designer’s death earlier this month, with guests receiving a commemorative T‑shirt bearing his image.
• Armani’s will ends decades of staunch independence by mandating a sale route for the group and specifying an IPO as a fallback if a strategic transaction does not occur.
• The succession framework lands as Italian luxury consolidates, with Prada moving to take control of Versace and local groups remaining far smaller than LVMH and Kering by revenue.
• Industry voices in Milan point to a potential pivot toward artisanal savoir‑faire and “slow craft,” even as data show a decade‑long decline in family control of major Italian fashion firms.