Giorgio Armani, the renowned Italian fashion designer, passed away. His company, founded in 1975, became a global empire known for its sleek, understated style. A pivotal moment was designing Richard Gere's suits in "American Gigolo." Armani's designs, including Diane Keaton's iconic 1978 Oscars outfit, empowered women professionally. His impact extended beyond clothing to cosmetics, perfume, and home furnishings. Forbes estimated his net worth at $12.1 billion. While his funeral is private, a public wake will be held at the Teatro Armani.

Prepared by Emily Rhodes and reviewed by editorial team.