Armani and Samsung may launch mobile phone

Giorgio Armani is rumoured to be in talks with Samsung to launch a new mobile phone design, after the success of Prada's and LG collaboration. The phone will likely be released in Europe this October. However, "the two companies have not signed a contract yet," a Korean publication stated. Armani's phone is expected to feature "exclusive content" and, presumably, a sleek design.

Regardless, Armani's plan to team up with Samsung, which worked with Bang & Olufsen in the past , may prove to be a smart strategy for the company. Rumour has it that Armani and Samsung also plan to create a line of TVs, another way to marry designer chic with tech geek.