French fashion designer Hubert de Givenchy, who reportedly had a net worth of around $200 million, passed away Saturday.
Givenchy began his career in the 40s and 50s by opening up his own small fashion design house in Paris.
"We are very sorry to announce that Hubert Taffin de Givenchy died", Venet said through the atelier of the famous fashion designer.
These included a hôtel particulier decorated with paintings by Matisse and Picasso in Paris and an exceedingly grand chateau in France, the 16th-century Manoir du Jonchet.
Givenchy's name will forever conjure images of timeless designs worn by some of the world's most lovely women including Princess Grace of Monaco, Bunny Mellon, and the Duchess of Windsor.
Born February 21, 1927, Givenchy founded the House of Givenchy in 1952.
Couturier Jacques Fath hired Givenchy on the strength of his sketches.
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His debut collection ushered in the concept of separates - tops and bottoms that could be mixed and matched, as opposed to head-to-toe looks that were the norm among Paris couture purveyors.
But the client whose name would become nearly synonymous with the house was Audrey Hepburn, whom he met in 1953, when he dressed her for the romantic comedy "Sabrina". Instead, the diminutive Audrey showed up, dressed in cigarette trousers, a T-shirt and sandals. The sleeveless black evening gown she wore in the movie, complete with rows of pearls, elbow-length gloves and oversized shades, would end up becoming Givenchy's most famous look.
"He was the first creator to launch a luxury ready-to-wear range".
Alexander McQueen, John Galliano, Julien McDonald and Riccardo Tisci have taken control of Givenchy's output.
Claire Waight Keller, artistic director of Givenchy, said on Instagram she had the honour to meet and know the designer since she joined the brand. His enduring influence and his approach to style reverberates to this day.
Meanwhile, tributes poured in after the news of Givenchy's death was confirmed.