World-renowned Italian designer Valentino announced his retirement from fashion, just months after a three-day celebration in Rome honouring his extraordinary career as a fashion icon. In a letter announcing his retirement, Valentino stated that the celebration in Rome ‘was a magic moment, one which certainly can never be repeated. It would be impossible to equal the emotions and joy I felt for the friendship and consideration that was shown to me on that occasion’. He added, ‘I believe this is the perfect time to say goodbye to the world of fashion. As the English say: I’d like to leave the party when it’s in full swing’.