The man behind Italian fashion house Missoni has died at the age of 92.

A statement from Ottavio Missoni's family reveals he "passed away peacefully" at his home in Sumirago, Italy on Thursday morning (09May13). No further details of his death have been released.

Missoni kicked off his career as an athlete, competing in the 1948 Olympic Games in London in two hurdling events. He created woollen tracksuits for the Italian Olympics team to wear during the contest and went on to found the Missoni label, which specialises in colourful knitwear prints, with his wife, Rosita, in 1953.

The fashion house became one of Italy's most successful high-end brands, worn by the likes of Madonna and Jennifer Lopez.

Missoni's death is another blow for the family after a small aircraft transporting Ottavio's son, Vittorio, his partner, and four others, disappeared off the coast of Venezuela on 4 January (13). Parts of the plane were later recovered but no bodies have been found.