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Valentino Garavani, the couturier who ruled glamour, bows out at 93
ROME: Rome did not wake up quietly on Monday. Valentino Garavani, the man who made elegance a discipline and glamour a calling, has died at 93, drawing the final line under haute couture’s most gilded chapter. In an industry addicted to reinvention, Valentino never chased change. He commanded it, in silk, satin and an unmistakable shade of red.
Born in Voghera in 1932, Valentino trained in Paris under Jean Dessès and Guy Laroche before returning to Italy to launch his fashion house in Rome in 1960. It was a deliberate homecoming. Paris taught him technique, but Rome gave him mythology. What followed was not merely a label but a worldview, rooted in discipline, drama and unapologetic beauty.
The house took flight after Valentino met Giancarlo Giammetti, then an architecture student. Their partnership became one of fashion’s most durable alliances. Valentino shaped the dream. Giammetti built the machine. Together, they turned an atelier on Via Condotti into a global luxury empire synonymous with Italian refinement and jet-set excess.
Valentino’s visual language was defiantly romantic. While fashion flirted with grunge, minimalism and irony, he doubled down on craftsmanship, bows, embroidery and gowns engineered to command rooms. At the centre of it all was Rosso Valentino, a vivid, operatic red that became his signature and a permanent fixture on runways and red carpets.
Yet restraint was also part of his arsenal. His 1968 White Collection, entirely devoid of colour, announced his mastery just as loudly. It also caught the attention of Jacqueline Kennedy, who commissioned Valentino to dress her for her wedding to Aristotle Onassis. The moment sealed his place as couturier to power and poise.
Valentino dressed not trends but women who shaped eras. Elizabeth Taylor, Audrey Hepburn, Sophia Loren, Marella Agnelli and Princess Margaret wore his creations as armour. Later generations followed. Julia Roberts’ black-and-white Valentino gown at the 2001 Oscars became a red-carpet benchmark. Anne Hathaway, Jennifer Lopez, Lady Gaga and Zendaya turned to the house when impact mattered.
The business grew alongside the myth. Valentino SpA expanded into ready-to-wear, accessories, footwear and fragrances, becoming a global luxury name. The company was sold in 1998 and later passed to Mayhoola for Investments, but Valentino remained creatively dominant until his retirement.
His final couture show in Paris in 2008 was staged as theatre. Models emerged one after another in identical red gowns before Valentino took his last bow. It was not nostalgia. It was control.
The fashion world paid tribute. Gucci said on X: “We at Gucci are deeply sorry to hear of the passing of Valentino Garavani, a pioneering couturier and an icon of Italian fashion.” Donatella Versace called him “a true maestro who will forever be remembered for his art.” Cindy Crawford described him as a “master of his craft,” Gwyneth Paltrow said his passing felt like “the end of an era,” Italian Prime Minister Giorgia Meloni hailed him as “an undisputed master of style and elegance and eternal symbol of Italian haute couture,” and Maison Valentino posted: “His unique style and innate elegance will remain forever… His life was a beacon in the ceaseless pursuit of beauty, and guided by that same beauty, we will continue to honor his memory with our deepest devotion.” Ralph Lauren added: “We all knew him by his first name—Valentino, a romantic name he lived up to through the artfulness of the collections he designed and the passion for beauty that inspired him for so many decades… His memory will live on through the timeless beauty of the world he created.”
In an industry now driven by speed and spectacle, Valentino’s legacy feels almost subversive. He believed elegance could be permanent, beauty could be exacting and fashion could still aspire to grandeur.
The emperor has left the building. The red remains.
Brands
Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
