The Milan Fashion Week started today in Milan. The fairs will show the latest trends in the high-Italian fashion industry, but also young designers like Alex Liu (Alexstrom), Colin Wong (Zynggat) and Victor Zhu (Vmajor) from China. The Fashion week will end at the 25th February.
Today also the fashion icon, Chanel designer Karl Lagerfeld died at the age of 85. According to Bloomberg News, the Chanel, which is privately owned, could reach above 50 billion euros if listed. The estimate by the BNP Paribas would rate the company as big as Hermes International. The Chanel group sales were nearly 10 billion dollars in 2017.