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IN the 1950s, Rome was known for la dolce vita (the sweet life), and last night the Italian capital recaptured its former glory with a glittering event, Una Notte a Roma (One Night in Rome).

The three big hitters of Italian fashion - Giorgio Armani, Donatella Versace and Valentino Garavani, known as just Valentino - showed collections created for the televised event held in Rome's Piazza Navona.

Sitting in the front row were actors Gwyneth Paltrow and Rupert Everett. Everett was seated beside Dontella's daughter, Allegra Versace, who took control of her inheritance - 50 per cent of the Versace empire valued at $140 million - on her 18th birthday last June.

Valentino, Versace and Armani were joined on the catwalk by another fashion stalwart, Gianfranco Ferre, to applause at the end of the evening.

For Armani, the celebration topped off a good week during which the designer completed an agreement to lend his vision to a $US1 billion ($1.3billion) project. He will create interiors and oversee all the fashion aspects of seven hotels and three resorts in Dubai for Dubai-based developers Emaar Properties.

The first hotel is expected to open by 2008 and will be in the Burj Dubai building, which will be the world's tallest residential and commercial tower at 800m when it is completed.

In February, Armani announced he had signed a letter of intent to team with Emaar to launch a collection of luxury hotels and resorts. Over the next seven years, 10 hotels and four resorts are expected to be opened in London, Paris, New York, Tokyo, Shanghai, Milan and Dubai.

Many friends of the designer were in the audience for One Night in Rome, including Ornella Muti, Margherita Buy, Vittoria Belvedere and Walter Nudo, while Biagio Antonacci and Lucio Dalla performed on stage.

Armani is celebrating 30 years in business this year, and at the half-way mark the successful brand looks set to outlive its 70-year-old designer.

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