Fashion designer Hubert de Givenchy (91) dies

Fashion designer Hubert de Givenchy (91) dies

French fashion designer Hubert de Givenchy, who reportedly had a net worth of around $200 million, passed away Saturday.

Since his retirement from fashion in 1995, Mr. Givenchy, who remained active in the arts as an antiques expert for Christie's, the Château de Versailles and the Louvre museum, and managed the French branch of the World Monuments Fund for several years, maintained several residences.

"Hubert de Givenchy was a symbol of Parisian elegance for more than half a century", his label said on Monday. The legendary couturier also often dressed Jackie Kennedy Onassis and Princess Grace of Monaco.

De Givenchy was born on February 21, 1927 to an an aristocratic family in the provincial city of Beauvais, AP reports, and founded his label in 1952.

Couturier Jacques Fath hired Givenchy on the strength of his sketches.

The designer's father died when Hubert, born in Beauvais, north of Paris, was two years old.

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.

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Legend has it that Givenchy - told only that Mademoiselle Hepburn would be coming in for a fitting - was expecting the grand Katherine Hepburn.

Thus began a decades-long friendship that saw Givenchy dress the star in almost a dozen films, including the 1961 hit "Breakfast at Tiffany's".

The red coat she wore on the campaign trail for the 1960 presidential election was a Givenchy copy.

"He was the first creator to launch a luxury ready-to-wear range".

The exact details of the sale of Givenchy to LVMH was not disclosed, but the entire merger was valued at $4 billion or more. Since his final runway show, his successors have included everyone from John Galliano and Riccardo Tisci to most recently, Clare Waight Keller, who is the brand's first female Artistic Director. His enduring influence and his approach to style reverberates to this day.

Givenchy is survived by his companion, French couturier Philippe Venet.

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