Italian fashion firm Giorgio Armani has told just-style it is not for sale - putting a halt to takeover speculation in the background of a dazzling Milan Fashion Week.


A spokesperson for the designer said today (22 February) that the sell-out rumours were not true and that the company's owner had never made the interview from which speculation arose. "We have no further comments," she added.


On Tuesday (20 February), German newspaper Handelsblatt reported that Armani's owner would consider potential suitors with the best offer. L'Oreal was speculated to be a potential buyer.


During his homecoming to Milan week this week, designer Giorgio Armani presented a shiny new winter collection, which included sparkling ballerina footwear and knitted caps dotted with crystals.