Giorgio Armani Pummels Prada, Says Fashion Is Now A Slave To Big Banks

Designer Giorgio Armani gave reporters an earful Tuesday following a fashion event in Milan, Italy.

Armani poses with Italian league Olimpia basketball players (br1dotcom)
Armani poses with Italian league Olimpia basketball players (br1dotcom)

Worldcrunch NEWS BITES

MILAN - Top Italian designer Giorgio Armani has denounced the current state of the fashion industry for being "in the hands of" high finance rather than the fashion houses themselves.

Speaking after the last day of Milan's menswear spring/summer fashion week, Armani's comments were also a not-so-subtle swipe at rival Prada, which was recently quoted on the Hong Kong stock exchange.

"I've wanted to say something about this for awhile, and now's the time: fashion is in the in the hands of the banks (and) the stock market," Armani told reporters Tuesday. "It no longer belongs to the owners, but to those above them. I still haven't been able to understand how the banks influence our line of work -- it's a mystery."

Asked if the comments were a reference to Prada's move earlier this month to become the first top European fashion house to be listed on the Hong Kong exchange, Armani, 76, declared: "I don't have debts. Instead, Prada's problem is that they have to pay back the money that the banks spent to build up the brand."

Armani said he preferred to remain independent, and had no plans to sell the company. "There are thousands of ways to make money. But for me, I don't want to wind up having to knock on the door of some Thai managers to explain myself."

He said that Prada chief Miuccia Prada was "ingenious' for her "irony...and bad taste that becomes chic." But he complained that certain collections that are "sometimes ugly" always get positive coverage in the press. "You know why..."

Prada refused comment.

Read the full story in Italian by Antonella Amapane

Photo - br1dotcom

Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!

A Mother In Spain Denied Child Custody Because She Lives In Rural Area

A court in Spain usurps custody of the one-year-old boy living with his mother in the "deep" part of the Galicia region, forced to instead live with his father in the southern city of Marbella, which the judge says is "cosmopolitan" with good schools and medical care. Women's rights groups have taken up the mother's case.

A child in Galician countryside

Laure Gautherin

A Spanish court has ordered the withdrawal of a mother's custody of her one-year-old boy because she is living in the countryside in northwestern Spain, where the judge says the child won't have "opportunities for the proper development of his personality."

The case, reported Monday in La Voz de Galicia, has sparked outrage from a women's rights association but has also set off reactions from politicians of different stripes across the province of Galicia, defending the values of rural life.

Judge María Belén Ureña Carazo, of the family court of Marbella, a city on the southern coast of 141,000 people, has ordered the toddler to stay with father who lives in the city rather than with his mother because she was living in "deep Galicia" where the child would lack opportunities to "grow up in a happy environment."

Front page of La Voz de Galicia - October 25, 2021

Front page of La Voz de Galicia - Monday 25 October, 2021

La Voz de Galicia

Better in a "cosmopolitan" city?

The judge said Marbella, where the father lives, was a "cosmopolitan city" with "a good hospital" as well as "all kinds of schools" and thus provided a better environment for the child to thrive.

The mother has submitted a formal complaint to the General Council of the Judiciary that the family court magistrate had acted with "absolute contempt," her lawyer told La Voz de Galicia.

The mother quickly accumulated support from local politicians and civic organizations. The Clara Campoamor association described the judge's arguments as offensive, intolerable and typical of "an ignorant person who has not traveled much."

The Xunta de Galicia, the regional government, has addressed the case, saying that any place in Galicia meets the conditions to educate a minor. The Socialist party politician Pablo Arangüena tweeted that "it would not hurt part of the judiciary to spend a summer in Galicia."

Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!