Giorgio Armani is creating a new exhibition centre in Milan.

The museum archive - which will be called Armani Silos - was first announced last year but this week the veteran designer signed an agreement to build the centre in front of the fashion company's headquarters on Milan's Via Bergognone.

The museum will hold a number of his creations and sketches, a library and a space to showcase up and coming designers.

Mr Armani said: ''Milan is the city where I decided to live and work, and which has been a tough, loyal teacher to me. It taught me that you don't obtain anything by chance, but that you reach the most difficult goals with daily involvement, that discretion is a virtue, which doesn't exclude warmth and a sense of welcome, that what we think here [in Milan] today, tomorrow will be in the mind of the entire nation.

''That's why I've decided to put the fruits of my work, which doesn't include only clothes, but also textile explorations and experience, at the disposal of my city. I thought it could be interesting for everybody. In particular, for the young generations approaching the fashion and design worlds. They will be able to find inspirations to mature new ideas and create the companies of the future. That future which we have to learn to build day by day.''