The Italian designer is to collect the Superstar Award at the Fashion Group International's Night of Stars this week. Receiving this lifetime achievement award at age 70 might indicate a winding down of his career, but Armani assured reporters that this is absolutely not the case. He is determined to continue with his work, and is considering working with L'Oreal or LVMH.

The designer admitted that he has no interest in an IPO and that he does not want to burden his family with too much responsibility once he retires. However, he is not about to retire yet. Yesterday he presented his latest collection at Pier 94 in New York. He called the show " a little gift to New York". With this grand gesture Armani ensured that he still has a long road ahead of him.