Max Mara to the Forbes Rich List of 2005, Maramotti was one of the world's richest men with a fortune of US$2.1 billion. He died in Albinea, Italy on January 12, 2005. Maramotti's two sons and daughter, Luigi, Ignazio and Ludovica, followed him into the business; Luigi Maramotti is chairman of the company. After his death, according to Maramotti's will, a large and important collection of contemporary art from Europe and America was made open to the public. Max Mara Max Mara is an Italian fashion business. It markets up-market ready-to-wear clothing. It was established in 1951 in Reggio Emilia by Achille
Balmain (fashion house) lady Hope Portocarrero, and Queen Sirikit of Thailand. After Balmain's death in 1982, the house was led by Erik Mortensen, described by "Vogue" as "Pierre Balmain's right hand". Mortensen had joined the house to work as Balmain's assistant in 1951. After succeeding Balmain, Mortensen worked to maintain the brand aesthetic in the ever-living world of couture while still maintaining the progressive spirit of creativity in the fashion industry. He won two Golden Thimble awards, one for his Autumn/Winter collection of 83/84 and one for the Autumn/Winter collection of 87/88. He left the house in 1990. After his departure, designer Hervé