Ottavio Missoni

Ottavio Missoni, co-founder of the Missoni brand, died this morning at the age of 92. According to a statement from the brand, Ottavio "passed away peacefully at home, surrounded by his family," in Sumirago, Italy.

As you may have heard, reports surfaced this weekend that a small plane carrying Vittorio Missoni (the eldest of three heirs to the Italian fashion house and current CEO of the brand), his wife, Maurizia Castiglioni, and two other Italians, disappeared off the coast of Venezuela Friday. Three days later, the search continues for the missing plane.