Core Viewpoint - The article announces the passing of renowned fashion designer Giorgio Armani at the age of 91, highlighting his significant contributions to the fashion industry and the legacy he leaves behind [1][4]. Group 1: Biography and Career - Giorgio Armani was born on July 11, 1934, in Piacenza, Italy, and initially studied medicine before transitioning to fashion [4]. - He began his career in the 1960s as a menswear designer for Nino Cerruti and co-founded Giorgio Armani S.p.A. in 1975 with his partner Sergio Galeotti, establishing the Armani brand [4]. - In the 1980s, Armani revolutionized workplace fashion with the "Power Suit," which blurred gender lines in clothing design, leading to global popularity [4]. Group 2: Achievements and Recognition - Armani is recognized as one of the world's fashion masters, receiving numerous awards including the Neiman Marcus Award and the American Institute of Graphic Arts Award [4]. - In 2024, at the age of 90, Armani expressed plans to retire within the next two to three years, emphasizing his desire to maintain control over his company and its direction [4]. Group 3: Inheritance and Wealth - A document held by a Milan notary outlines the management principles for the future heirs of the Armani Group, which includes family members and long-term collaborators [5]. - According to the 2025 Hurun Global Rich List, Giorgio Armani's wealth is estimated at 80 billion RMB, ranking him 219th [5].

Core Viewpoint - The traditional leather industry in Haining is undergoing significant changes due to the impact of e-commerce, tariff disputes, and a slowdown in consumer spending, necessitating a shift towards online sales and regulatory frameworks [3][7]. Group 1: Industry Transformation - Haining China Leather City is the largest leather market in China, with a total operating area of 3.2 million square meters and over 11,200 operating entities, accounting for 80% of the national leather clothing transaction volume [2]. - Over 60% of new leather garments in China originate from Haining, indicating its pivotal role in the leather fashion industry [3]. - The market is experiencing a slowdown in consumer demand, with a noticeable decline in sales of mid-to-high-end autumn and winter clothing, leading to reduced foot traffic and lower average transaction values [3][7]. Group 2: E-commerce and Live Streaming - The rise of live streaming e-commerce has prompted many Haining merchants to explore new sales channels, with a notable example being a live stream that generated 200 million yuan in sales [6]. - However, the industry faced challenges, such as a failed attempt to sell 120,000 parka jackets, resulting in a significant inventory surplus, highlighting the need for better regulation and contract management in the live streaming space [7]. - Haining Leather City has established a comprehensive e-commerce industrial base, covering 213,000 square meters, to support live streaming, quality control, and logistics, aiming for a total transaction volume exceeding 20 billion yuan in 2024 [8]. Group 3: Design and Innovation - Haining Leather City is enhancing its design capabilities by establishing a design base with an area of 218,000 square meters, housing 200 design firms and over 1,200 professional designers [11]. - The city is actively collaborating with international markets, including Russia and Japan, to promote trade and design exchanges [11]. - A focus on intellectual property rights has led to a significant increase in patent applications, with 9,025 applications filed and 6,968 granted, reflecting a shift towards innovation and brand protection [12].