ByMartina Di Licosa,

Forbes Staff.

The Italian designer Valentino Garavani, who founded fashion brand Valentino in 1960, has died at age 93, according to a statement from his foundation posted to Instagram on Monday.

The statement said Garavani “passed away today at his Roman residence, surrounded by his loved ones.”

His funeral will take place on Friday at the Basilica Santa Maria degli Angeli in Rome, the statement said.