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Pantaleo Dell’Orco is new chairman of the Giorgio Armani Foundation, document shows

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October 15, 2025

The Giorgio Armani Foundation, key to the Italian fashion house’s future and eventual planned sale, will be led by the late designer’s partner and close confidante Pantaleo Dell’Orco as chair, a document seen by Reuters on Tuesday showed.

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

Dell’Orco was left the largest portion of the company and main voting share when Armani died last month. He will head the board along with one of Armani’s nephews and three independent members, according to a foundation filing obtained via a freedom of information request.

The foundation is key to Armani’s succession plan. His will unveiled the shock order to gradually sell the firm he founded to potential buyers including LVMH, L’Oreal, and EssilorLuxottica, or seek a market listing.

The designer, known in the industry as “King Giorgio”, died on September 4, aged 91. He left the company to his heirs and the Foundation, which was set up in 2016 and chaired by Armani himself until his death.

The foundation controls 30% of the voting rights of his business empire. It was created to protect Armani’s legacy. Armani’s business and life partner Dell’Orco already controls 40% of the luxury group’s voting rights.

Alongside him on the board will be Armani’s nephew Andrea Camerana, who holds 15% of the company’s voting rights.
However, the majority of the board is made up of non-family members: Rothschild banker Irving Bellotti – who was already a director – Legance lawyer Andrea Silvestri and Milanese notary Elena Terrenghi.

The Foundation will play a central role in shaping governance decisions and ownership changes at the fashion house, which will also require the agreement of the external advisors on the board.

Under the foundation’s bylaws, the five board members must unanimously approve key decisions, such as voting at extraordinary shareholders’ meetings of the luxury group.

Armani’s will instructed the heirs to sell a 15% stake in the group, with priority given to luxury conglomerate LVMH, beauty heavyweight L’Oreal, eyewear leader EssilorLuxottica or another group of “equal standing” identified by the Foundation and with the agreement of Dell’Orco.

The will directs heirs to sell the initial 15% stake within 18 months. Subsequently, they are to transfer an additional 30% to 54.9% to the same buyer within three to five years or, alternatively, pursue an initial public offering.

The Foundation is also tasked with proposing the name of the fashion group’s new CEO, the company’s executive committee said last month.

 

© Thomson Reuters 2025 All rights reserved.



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Flourishing South Korean menswear aims to strengthen international standing

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December 17, 2025

In 2025, South Korean fashion takes another step up on the global stage. In a sector where technological innovations are redefining production processes, South Korea stands out for its ability to turn these developments into drivers of growth and global appeal, according to a Spherical Insights study published in November.

South Korean menswear makes its mark internationally, seen here at Pitti Uomo – Pitti Uomo

According to the South Korean Ministry of Trade, Industry and Energy (MOTIE), almost $27 million is set to be invested in 2025 to strengthen the national textile value chain.

This policy forms part of a broader strategy that provides more than $19 billion in support for firms operating in industrial textiles, the creation of an Industrial Textile Alliance, and a certification centre for technical products. The aim is to lift digital transformation across the sector from 35% to 60% and increase South Korea’s share of the global markets for industrial and sustainable textiles from 2-3% to 10% by 2030.

A dynamic domestic market

These ambitions are underpinned by an already robust industry. In 2024, South Korea imported $12.37 billion worth of clothing, including $5.08 billion in menswear. Exports totalled almost $2 billion, of which $1.7 billion comprised synthetic textiles and crocheted fabrics. This momentum reinforces a domestic market characterised by diverse demand, rapid trend adoption and strong cultural influence.

South Korea invests in its textile industry
South Korea invests in its textile industry – Shutterstock

At the heart of this evolution lies the global rise of Korean menswear. Korean brands stand out for their attention to detail, mastery of cut and tailoring, and a strong appetite for exploring experimental materials, bold silhouettes and assertive colours. This stylistic approach, oscillating between minim­alism and exuberance, meets a growing demand for pieces capable of expressing individual identity, according to the study.

Exports to be developed

The trends for 2025 confirm this direction: oversized cuts, unique patterns, bright colours, sustainable materials, a fusion of traditional and contemporary styles, as well as layering, athleisure and gender-fluid fashion, are at the forefront. From oversized kimono-polos to two-tone pink shirts, the Korean aesthetic offers a balance of comfort, experimentation and sophistication.

Ader Error is one of the young South Korean brands flourishing internationally (here, its collaboration with Zara)
Ader Error is one of the young South Korean brands flourishing internationally (here, its collaboration with Zara) – Zara

This creative ecosystem is supported by a myriad of ‘flagship’ brands. Names already recognised worldwide such as Gentle Monster, Andersson Bell, Kusikohc, Hyein Seo and We11done fuel the country’s international aura through their distinct worlds, blending art, streetwear, craftsmanship and conceptual design. In 2025, other labels are taking centre stage: Ader Error and its deconstructivist streetwear, Wooyoungmi and its modern tailoring, ThisIsNeverThat and its distinctly Korean take on streetwear, as well as 87MM, Recto, Amomento, PushButton and Minjukim, whose gender-fluid offerings are gaining visibility.

By combining massive public investment, a capacity for innovation, cultural richness and creative power, South Korea is putting its fashion industry on an upward trajectory in 2025. It can be seen not only as an exporter of aesthetics, but also as a key player in technical and sustainable textiles, with the ambition of playing a central role in contemporary global fashion.

This article is an automatic translation.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Hugo Boss reveals new financing to turbocharge its updated strategy

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December 16, 2025

Hugo Boss recently unveiled an ambitious expansion of its growth plan and on Tuesday the German fashion giant said it has secured a revolving credit facility to “ensure the successful execution” of the ‘Claim 5 Touchdown’ growth plan.

Hugo Boss

The €600 million loan (which replaces another loan of the same amount) “was considerably oversubscribed and aims at providing the company with additional financial flexibility”. It’s also linked to the fulfilment of clearly defined sustainability criteria.

“This successful transaction highlights the strong trust our lenders place in our company and its long-term potential,” said CFO/COO Yves Müller.

The loan has a term of five years and includes two options to extend the term by one more year in each case, plus an option to increase the credit amount by up to €300 million. 

The company unveiled its strategy in early December, saying its next phase aims to “realign, simplify, and strengthen the business”. 

In the short term it’s sacrificing sales and profits as it said that currency-adjusted group sales and profits will both decline next year. But the refreshed strategy aims to “sharpen focus, discipline, and execution across the business”. 

It now clearly has the long-term financing to put its plan into operation with the option of even more money on the table if required.

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McQueen Paris installation links to inspirational Dafydd Jones photos

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December 16, 2025

McQueen is aiming to attract attention to its SS26 pre-collection launch with a special installation in its store in the heart of fashion’s capital city, Paris.

McQueen

To celebrate the launch, the label has collaborated with well-known photographer Dafydd Jones, on the installation that features some of his most definitive works, curated by McQueen’s creative director Seán McGirr.

The Rue Saint-Honoré store installation includes 26 of Jones’s original works on public display. The curated selection sits alongside the McQueen pre-collection, “for which these photographs form a core inspiration”.

The installation has just launched and will be in the store until 29 January.

So who is Dafydd Jones? The British photographer is celebrated for his “sharp, satirical depictions of social life, particularly in the 1980s. His career began with prize-winning images of Oxford’s ‘Bright Young Things’, leading to decades of work published in major titles”.

And as well as being in the McQueen store for a limited period, his photos are held in collections including the National Portrait Gallery and the V&A in London.

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