Ottavio Missoni, Founder of Italian Fashion House, Dies at 92. Missoni founded the fashion company in the 1950s with his wife Rosita

Ottavio Missoni, Founder of Italian Fashion House, Dies at 92

Ottavio Missoni, founder of the Italian fashion company known for its zig-zag knitwear, has died. He was 92.

Missoni died “peacefully” in his home in Sumirago, a town near the northern city of Varese, the company said in an e-mailed statement today. It didn’t give additional details. Missoni was released May 1 from a hospital in Varese after being treated for a respiratory problem, Corriere della Sera reported the same day on its website.

Missoni founded the fashion company in the 1950s with his wife Rosita. With designs worn by celebrities including Madonna and Jennifer Lopez, the fashion house has expanded its store networks and diversified its business by designing hotels and tableware. A lower-priced line, M Missoni, was introduced in 1998 to broaden the brand’s customer base.Missoni’s scion Vittorio and his partner have been missing since January after the small plane they were traveling in vanished off the coast of Venezuela. The company is run by Ottavio Missoni’s son Luca and his sister Angela. Alberto Piantoni was appointed chief executive officer in 2011.

Fashion houses have been rocked with tragedy in recent decades, including the 1997 murder of Gianni Versace, the founder and designer for the firm of the same name. Versace’s siblings took over the company after his death, with his sister Donatella heading up the designs.

Missoni’s 2011 collaboration with Target Corp. (TGT) won international headlines when the website of the second-largest U.S. discount retailer crashed because of higher-than-expected demand for the brand’s maxi dresses and home furnishings at a fraction of their typical cost. In recent years, Missoni has collaborated with companies including stroller maker Bugaboo and Valentino Fashion Group, with which it has a global development agreement.

To contact the reporter on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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