The city is one of the major financial and business centres in Europe. The city is famous for fashion firms and shops (via Montenapoleone) and the Galleria Vittorio Emanuele in the Piazza Duomo, reputed to be the world's oldest shopping mall. Milan is one of the world capitals of fashion—like New York City, Paris, London, Tokyo—and design. Indeed the English word milliner is derived from the name of the city.
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