Forbes Ranks Fashion’s Wealthiest

Forbes highlights the owners behind some of fashion’s most affluent brands in their latest list of the Billionaires of Fashion. Topping the list is Bernard Arnault, owner of LVHM, with a net worth of $41 billion. In addition, Arnault also made the 2011 Forbes World’s Billionaires list and ranked as the 4th richest person in the world. The list also welcomes newcomers Tod’s Group and Forever 21. See who else made the list below.

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Megan Fox Is The New Face Of Giorgio Armani Cosmetics

According to WWD, Megan Fox has signed on to be the new face of Giorgio Armani Cosmetics. This will be the third time Megan Fox has worked with Giorgio Armani after appearing in two previous advertisement campaigns for Emporio Armani underwear and Armani Jeans. Fox will begin to appear in the ad campaigns for Giorgio Armani Cosmetics starting in October.

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Armani Enters the Chocolate Biz

World renown fashion designer Giorgio Armani has embarked on a new business venture. This one however, is completely unrelated to his previous projects. Armani has signed a licensing agreement and will soon release his own line of chocolates, candies and more.

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Kobe Bryant’s GQ Magazine Spread

Kobe Bryant posed for the December issue of GQ Magazine. In the spread, Kobe is wearing items from Gucci, Dolce & Gabbana, Ralph Lauren, Tommy Hilfiger, Yves Saint Laurent, Dior Homme, Tom Ford, and Giorgio Armani.


New Armani Flagship Opens Up In Milan

Armani opens a new flagship store today in Milan. According to DNR, the boutique is the largest Giorgio Armani store in the world. Located near the historical 16-century Palazzo Taverna, the store sits on a 21,600 square feet lot and has three floors.

“It had become a must for us to be on this street, with a store that is functional and where the product stands out,” said the designer. Armani himself designed the new concept store, elements of which may be extended to the new Madison Avenue megastore planned for New York. “Stores need to be rational—they must work,” he added. “Sure, there are stores that make the cover of architectural magazines, but then must be changed to be more operative.”