Giorgio Armani created an intimate salon for the fashion crowd to get a close-up view Sunday of the latest Milan runway collection from his 50-year-old signature brand, an extravaganza of textures, craftsmanship,

In a world off-kilter, there is something very soothing about the remarkable consistency of Giorgio Armani. Taking your seat at one of the little café tables Mr. A had installed inside Armani/Teatro—the house’s Tadao Ando-designed minimalist concrete and glass HQ on Via Bergognone—you know what you were getting without having to look at a menu: understated unstructured suiting and gossamer gowns shimmering like the Milky Way.

The collection was Armani-core, brimming with the silhouettes, colors and tailoring that made the designer famous for low-key power dressing.

If this fall season has been remarkable for the return to the runways of fur, Giorgio Armani’s collection encapsulated one part of the equation that has led to that revival. A long coat worn over a patterned jacquard skirt and silky trousers crafted in chinchilla.