Armani creates foundation as succession issue looms

Italian fashion designer Giorgio Armani said on Friday he would create a foundation in his name, for the first time shedding some light on succession plans for his fashion business. Armani has always said he wanted to maintain his group independent,” said Bernstein analyst Mario Ortelli.

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Armani creates foundation as succession issue looms

Giorgio Armani creates legacy foundation

Fashion designer Giorgio Armani confirmed rumors on Friday that he has founded the Giorgio Armani Foundation, reports Women's Wear Daily.

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Giorgio Armani creates legacy foundation

Yves Saint Laurent creative head Slimane quits

By Astrid Wendlandt PARIS (Reuters) – Hedi Slimane is stepping down as creative director of fashion brand Yves Saint Laurent (YSL) after four years in the job, parent luxury goods group Kering said on Friday. Kering, which gave no reason for Slimane’s departure and did not say if he would receive a payoff, said a new creative organisation would be announced for the brand in due course. Some fashion industry observers said fashion designer Anthony Vaccarello could step into Slimane’s shoes.

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Yves Saint Laurent creative head Slimane quits

Hedi Slimane’s most memorable catwalk looks for Saint Laurent

After four years at the helm of Saint Laurent, Hedi Slimane is stepping down as the French powerhouse's Creative and Image Director. From bringing back the smudged, exaggerated cat eye to patchwork fur jackets, Slimane's collections have become synonymous with an instantly recognizable grungy urban street glamour. Another key metallic look was unveiled back in Spring/Summer 2014, when his menswear show featured plenty of shiny silver jackets teamed with leather leggings.

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Hedi Slimane’s most memorable catwalk looks for Saint Laurent

Britain to investigate modelling agencies for alleged price fixing

Britain has opened a full investigation into the country’s major modelling agencies to determine whether they fixed the prices they charge for their models, officials said on Friday. The Competition and Markets Authority (CMA) started an initial investigation in March into “anti-competitive arrangements”, such as whether agencies worked together to set the prices paid by retailers and brands. The competition watchdog has not named any of the agencies under investigation.

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Britain to investigate modelling agencies for alleged price fixing