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Diego Della Valle Responds to Giorgio Armani’s ‘Useless Attacks,’ Calls Him an ‘Old Man’

By , the Cut’s financial-advice columnist.  In addition to “My Two Cents,” she writes about work and parenting for the site. Previously, she was the senior features editor at Harper's Bazaar and a senior editor at the Cut. She was also the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other places.
Photo: Ian Gavan/2010 Getty Images

Last week, Giorgio Armani criticized the menswear by today’s top fashion houses (Prada and Dolce & Gabbana, specifically), calling them ridiculous-looking and griping that “fashion today is in the hands of the banks and of the stock market and not of their owners.” His complaint was seen as a direct attack on Prada’s recent IPO, which Tod’s chairman Diego Della Valle defended at a luxury conference yesterday:

That kind of attack does not make any sense, and it was the least opportune moment … Prada’s listing] was a beautiful operation, with global visibility … Rather than criticizing Prada’s strategies, Armani should do the same thing, invest in the territory, as I did in Rome, contributing to the restoration of the Colosseum. In a moment of crisis, it’s important to be part of a team, and it’s our duty to give a signal, not waste time in useless attacks.

Diego Della Valle Strikes Back at Giorgio Armani Comments [WWD]
Related: Giorgio Armani Thinks Menswear by Prada and Dolce & Gabbana Looks Ridiculous

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Diego Della Valle Responds to Giorgio Armani’s ‘Useless Attacks,’ Calls Him an ‘Old Man’