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) Balmain (fashion house) Balmain () is a French luxury fashion house that was founded by Pierre Balmain in 1946. In 2016 Mayhoola Investments, an investment fund backed by the emir of Qatar, acquired Balmain for a figure reported as close to €500 million ($548 million). Balmain was 70 percent controlled by heirs of Alain Hivelin. Balmain does not regularly release financial information, but Les Echos estimated its revenue in 2015 at €120 million (about $136 million), growing from an estimated €30 million (about $34 million) in 2012. Balmain expected to reach a revenue of €150 million in 2017, 90% of