There was a changing of the guard and of gears at Giorgio Armani Monday morning, as Leo Dell’Orco presented a smooth and chic debut collection for the house, the final important show of Milano Uomo Moda.
A velvet suit by Giorgio Armani – FashionNetwork.com
The collection was the first not designed for the house by eponymous designer Giorgio Armani, who passed away in September last year.
Inevitably, Dell’Orco, Giorgio Armani’s right-hand man for the past four decades, sent out a collection that was hyper respectful of the master’s DNA. Yet he still added his own imprint to a signature collection that featured over a dozen women’s looks that practically matched the menswear designs they marched beside.
Leo also upped the pace of the show, which was no bad thing, and concentrated on what the house of Armani does best- impeccable, fluid tailoring. Most notably with some excellent jackets and blazers. Varying between one-button blazers with elongated shawl lapels made in the house’s signature non-colours of mud, cement, or wheat. To five-button Nehru jackets, again riffing on old Giorgio favourites- from zig zag pattern to waffle style. Paired with forgiving tapered pants that nipped at the ankle it all made for a very flattering silhouette.
A woman’s look on the runway – FashionNetwork.com
Leo did break new ground in terms of colours, showing some great olive green or amethyst velvet shirts, pinstripe jackets and coats- for men and women. Along with superb silk mandarin jackets in dashing Colombia blue. While Giorgio’s love of Asian design was remembered in a great series of silk shirts with high smoking collars.
A change of guard also on the board, where recently appointed members John Hooks and Marco Bizzarri sat smiling in the audience.
“It feels emotional to be back after 15 years,” commented Hooks, the house’s managing director for a decade until 2011. While a beaming Bizzarri predicted: “expect an exciting 18 months at the house of Armani.”
As noted, under the terms of Giorgio Armani’s will, the childless late designer left instructions that his heirs sell 15% of the house within 18 months of his death. And then a further 35% to 54.9% to the same buyer.
Muted tones at Giorgio Armani – FashionNetwork.com
However, after watching this show, one got the distinct impression that no one in Armani is in any great hurry to sell.
Clearly enjoying his new role, Dell’Orco took a few risks with his choice of coats, showing dramatic double-face slate grey topcoats with funnel necks, or the sleekest meeting of a chauffeur’s tunic and long coat in putty grey. One could sense the models loved wearing them, too.
In another marked change, the models appeared quicker and marched faster in two morning shows, held in the famed Armani show-space in the basement of Giorgio’s personal palazzo on central Via Borgonuovo.
The collection and show did lose focus towards the finale, with some odd knits and a good deal or repetition. It lacked the ruthless self-editing for which King Giorgio was famous. But overall, this felt like a successful passage into a new era, and a win for the house.
Leo Dell’Orco with his nephew Gianluca Dell’Orco on the runway – FashionNetwork.com
In a generous gesture, Leo took his bow with his nephew Gianluca Dell’Orco, a design director for menswear.
Bowing, smiling, and ebullient- aided by the galactic funk and gentle techno soundtrack, including Evolver by AstroMat. Armani soundtracks traditionally had been one of Leo Dell’Orco’s responsibilities.
And one could not help to chant during the show “Ashes to Ashes,” the traditional refrain at funerals, suggesting there is a future life immortal in heaven.
The opening of a mono-brand boutique in London is approaching for Boglioli, the iconic Italian menswear luxury brand, renowned above all for having made history with the unstructured jacket and making informal elegance its hallmark. “This is a store of just under 100 square metres on New Bond Street, with no fewer than five display windows and a corner site, hence dual frontage, which will afford us exceptional visibility and will sit alongside our boutiques in Milan and New York,” Francesco Russo, CEO of Boglioli- a brand that now offers a complete head-to-toe look for the contemporary man- tells FashionNetwork.com.
Boglioli, Autumn-Winter 2026/27
“We began with the unstructured jacket- often treated and garment-dyed- using exceptional, carefully sourced raw materials, or fabrics created exclusively for us, to achieve distinctive effects in both colour and handle,” says Francesco Russo. “Of course, an unstructured garment must still take on the shape of a jacket. And that is Boglioli’s savoir-faire. In my view, the world is full of unstructured jackets today; however, when it comes to soft tailoring, I consider the Boglioli jacket unrivalled. Building on this expertise, our day-to-day goal has been to develop a brand lifestyle over time through the creation of a complete wardrobe to dress the modern man.”
Today the Brescia-based company (its historic headquarters are in Gambara) offers trousers, shirts, knitwear, and coats, using materials of consistently the highest quality and silhouettes that are elegant, “but at the same time comfortable- so comfortable you forget you’re wearing them,” Russo notes. “What best encapsulates all these elements? The DNA of the first Boglioli jacket. If we can deliver that comfort to our customers, then we’ve hit the jackpot.”
The shop-in-shop strategy introduced a few years ago by the Brescia-based company around the world “is working extremely well,” says the CEO. “This format helps to keep the overall wholesale distribution strategy- now somewhat under pressure- vibrant. It’s a way, in the multi-brand arena, to cut through the jungle, the bazaar of similar propositions, because with a 5-10 square metre footprint, fully branded, you can send people a much clearer message. We have implemented shop-in-shops extensively in recent months,” Russo continues, “for example in Istanbul we did it with Beymen, in Düsseldorf and Cologne with Breuninger, in Zurich and Basel with Globus. In all these cases, Boglioli’s brand visibility and sales have surged. In March we will open another in Munich, at Lodenfrey, one of Germany’s leading menswear stores.”
Boglioli, Autumn-Winter 2026/27
This will be an additional space to the one the menswear brand has long maintained in the German store: a Boglioli pop-up that will be open for three weeks, “which will convey a targeted stylistic message for that market,” according to Russo.
Following the family’s exit and several changes of ownership, Boglioli is now majority-controlled by a Spanish investor, who took over in 2022 from another Spanish fund. A minority stake is owned by CEO Francesco Russo himself, who is modestly satisfied with turnover. “After reaching our all-time high of €19.5 million in turnover in 2024, last year we saw a slight single-digit decline, as we were affected by the slowdown in wholesale, but in 2026 we started well in the first two months of the sales campaign. If we add the London opening, which will definitely give the business a boost, I think we could reach our new record,” he says.
The brand’s largest market- having debuted in India in 2025- is the United States, followed by Italy, which generates 30% of sales. E-commerce has been growing steadily for the past few years, to the point that Russo speaks of record sales in this channel in 2025, at over €1.5 million. Until now it has been managed through an external partner, but from next March Boglioli has invested to bring it in-house, thereby increasing margins. “Above all, this strategy frees up resources for us to invest in content and marketing, which will then drive e-commerce growth further. So less investment in the platform, and more in content, in the message, in broadening the user base,” explains the Boglioli executive, who was impacted only initially by US tariffs.
Boglioli, Autumn-Winter 2026/27
“The negative impact was felt in April and May 2025, after Liberation Day on April 3, 2025,” says Russo. “From that moment, until the President of the United States said exactly what he wanted to do, people kept their money in their pockets, and we recorded two months of declining sales, particularly in our New York mono-brand boutique. Then, once Trump negotiated and clarified which tariffs he wanted to impose on our sector (ultimately very similar to those already in place), business returned to normal.”
For Boglioli’s CEO, the signing of the agreement to protect European excellences and, above all, to progressively eliminate duties on 91% of EU goods (including clothing and footwear), just concluded between the European Union and the Latin American Mercosur bloc, is therefore important. “It could certainly represent an excellent opportunity for us, because countries like Brazil, Chile, or Argentina- or Mexico, where we are already present but with very small distribution- are all penalised by punitive tariffs. Removing them opens up interesting developments for our brand, particularly in summer, but not only,” he confirms.
With its 155 employees in Italy, plus four in the New York store and a further four arriving in London, Boglioli presented four chapters of its Autumn-Winter 2026/27 collection in Milan: Back to Milano, Lunch in Galleria, Autumn in Brera and Bagai Club, in which the city becomes a direct source of inspiration. From the deep blues and greys of the business sphere, to shades of beige, to sage with luminous nuances; moving through the tones typical of the autumn foliage of literary Brera- where Boglioli’s signature green takes centre stage- to the warm hues of leather and camel, and the more exclusive colours of the Bagai Club proposals, where cocoa and mauve define a new idea of quiet luxury. The materials, also integral to the narrative, alternate between reinvented archival fabrics, ultra-fine wools, super-light flannels, regenerated cashmere, and treated corduroy.
Boglioli, Autumn-Winter 2026/27
Among the core jacket offerings, standouts include the Manin, a double-breasted model with a modern cut; the Treves, inspired by travel-ready safari jackets; and the Galleria, a fluid reinterpretation of the historic Gassmann: all designed for an international man who demands functionality, lightness, and versatility. Alongside these, the new technical over-jackets expand the concept of outerwear, integrating water-repellent treatments, lightweight padding, and functional details. All crafted by the in-house design studio led by Marco Re.
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On Friday, India’s Reliance Industries posted an 186.45 billion rupees ($2.06 billion) profit for the October-December quarter, missing analysts’ average estimate of 196.44 billion rupees, according to data compiled by LSEG.
Reliance Retail’s youth fashion retail format ‘Yousta’ – Yousta
Shares of Reliance Industries fell as much as 2.7% in early trade on Monday after the conglomerate announced missing its third-quarter profit estimates, weighed down by slowing earnings growth in its retail segment. Shares of the Mukesh Ambani-led firm were trading at 1,426. 60 rupees, as of 9:41 am, and were among the top five losers on the benchmark Nifty 50 Index
UBS analysts trimmed Oil-to-Chemicals(O2C) and retail estimates slightly but said they still see room for a valuation re-rating, as the company’s earnings before interest and taxes (EBIT) mix increasingly shifts toward structural growth drivers such as digital and retail, reducing dependence on the cyclical oil and gas segment. Festive discounting, investment in hyper-local delivery startups, and a one-off impact from India’s new labour code trimmed core margins at its retail unit to 8% from 8.6% a year earlier.
Retail growth softened primarily because the festive season was brought forward and due to the one-month impact of the consumer products demerger, analysts at Emkay said. Core earnings for the segment grew 1.3% to 69.15 billion rupees, compared with 9.5% growth a year earlier.
Reliance’s oil and gas segment weakened due to lower output and softer price realisations from its ageing KG-D6 fields, leading to an 8.4% revenue decline and a 12.7% drop in core earnings amid higher maintenance costs. Meanwhile, analysts at Systematix forecast a rise of 5%, 12%, and 9% O2C, Retail, and Jio revenue CAGR, respectively, during FY25-FY28, while a 12% decline in their oil and gas businesses.
After closing 2025 at €80 million, up 5%, denim specialist Jacob Cohën is preparing to open its first US mono-brand store in late May: a two-storey, 280-square-metre space on Madison Avenue in New York.
Jacob Cohën, AW 2026-27
“The first level will be dedicated to womenswear and the second to menswear, with a lifestyle-driven concept,” Jennifer Tommasi Bardelle, president and creative director of the brand, tells FashionNetwork.com. “The US market is very important to us: we have been present in the wholesale channel for a couple of years now and have already reached a turnover of €3 million; moreover, the US is our leading country in terms of e-commerce sales, followed by Germany and Italy. The New York opening will be preceded by another opening at the end of April in Monte-Carlo.”
During Milan Men’s Fashion Week, the brand presented its AW 2026-27 collection, with models moving as if they were guests in the lobby of a luxury hotel, a set crafted in denim by designer Fabio Chrestich. The garments are embellished with leather inserts, stitching that traces the brand’s trapezium-shaped logo, and applied rivets. The materials speak to luxury and refinement: ultra-soft nappa, including suede, deerskin, and sheepskin for jackets, bomber jackets and gilets; double-faced cashmere, in solid colours, contrasting combinations or Prince of Wales check, for sharply tailored coats with a distinctly sartorial spirit. Puffer coats and jackets crafted from Loro Piana fabrics are characterised by the StormSystem treatment, which combines a soft handle with practicality.
Jacob Cohën, AW 2026-27
Denim- whose most elevated iteration is the emblem of Jacob Cohën- runs through the collection in shirts and five-pocket jeans with relaxed cuts; in addition, the new Blue Silk Cloud project uses recycled denim mixed with silk and polyester for the garments’ internal padding. The jumpers, in fine cashmere and cashmere- silk yarns, come as polo knits, mock-necks or rollnecks, in colour-block or with geometric patterns. The palette is inspired by autumn and captures shades of brown, burnt tones, taupe, greys, and moss green, through to ochres and ice blue.
For womenswear, the craftsmanship is extremely detailed and deft cuts elegantly reveal the body through skirt slits, openings at the back of silk shirts, and the necklines of cross-over tops, counterbalanced by the solid construction of jackets with structured shoulders.
Trench coats and coats come in suede or pony skin, a material also used for gilets and super-cropped jackets. Denim features contrasting leather trims and details, and Jacob Cohën’s cult styles are reimagined in different fabrics, including leather. For womenswear, the palette includes brown, taupe, ivory, brushstrokes of green that shade from forest to sage, pops of “electric” purple, grey, and indigo blue.
Jacob Cohën, AW 2026-27
“Since S/S 2026 there has been a radical change in the development of the collection, an expansion towards the total look and a broadened leather assortment, from nappa to second-skin leather used for rainwear and blazers, from shearling to ultra-light suede, through to deerskin. We are bringing the hallmark details of our jeans into tops and outerwear, such as buttons, rivets, and poems printed on the inside,” concludes Jennifer Tommasi Bardelle. “In addition, we are moving increasingly towards lifestyle: we have presented padel racket bags in denim and leather and have recently launched our first hemp-based beauty line, developed in collaboration with a company that specialises in natural essences. We have translated the fragrance with which our garments are washed into shampoo, conditioner, shower gel, and body lotion; in addition, we have created a kit for hotels and a wooden beauty box that, once the products are finished, becomes a jewellery box.”
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