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.
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