After more than 20 years in Milan’s Galleria Vittorio Emanuele II shopping plaza, McDonald’s is being pushed out of its location by Prada.

Italian fashion house Versace recently opened its first boutique in Milan dedicated to kids’ line Young Versace, geared toward boys and girls from 0 to 12 years old.

Young Versace is located on the ground floor of the company’s headquarters on Via Borgospesso and is quite small at 538 square feet.

The store will offer the line’s inaugural Spring 2012 collection, which includes zipper-detailed tops, studded hoodies and skirts with the brand’s key motif.

Giorgio Armani has opened his flagship Armani hotel in Milan, a joint venture with the Dubai developer Emaar Properties.

Located in the 1937 building that also houses Armani’s Manzoni 31 flagship, the hotel covers 162,000 square feet over floors two to eight.

The “palazzo” hotel, which is in the centre of the Italian city, boasts 95 rooms with a focus on “luxury, calm and beauty”.

Renowned Italian sculptor, painter and printmaker Mimmo Paladino has become perhaps the first to turn a private jet into a work of art with the installation of a painted Piaggio P.180 Avanti II aircraft at the Galleria Vittorio Emanuele II in Milan.

Dubbed the “Cacciatore di Stelle” (Star Hunter), Paladino’s plane will be on display in the famed centre through April 28.

Paladino decorated the turboprop with ancestral symbols, constellations and geometrical designs in homage to the skies in which it travels.

Milan is preparing to host its annual men’s fashion show on Saturday, billed as the biggest in the world.

Thirty-six brands including Dolce&Gabbana, Giorgio Armani and Prada are set to take to the catwalks for the four-day fashion festival.

The autumn-winter collection show kicks off on Saturday with top brands including Ermenegildo Zegna, Dolce&Gabbana, Jil Sander and Roberto Cavalli.

Veuve Clicquot is unveiling its latest collaboration with Brazilian designers Fernando & Humberto Campana, as well as with French designer Mathieu Lehanneur, at the 2010 Milan Furniture Fair this week.

Over the years, Veuve Clicquot has collaborated with some of the biggest names in design, like Andree Putman, Karim Rashid, Pablo Reinoso, Tom Dixon, 5.5 Designers and Front Design.

This year, as part of the renovation of its town house in Reims, Veuve Clicquot has commissioned works by the Campana Brothers and Mathieu Lehanneur to decorate the Hotel du Marc residence and delight visitors.