Core Viewpoint - The announcement of the passing of renowned Italian fashion designer Valentino Garavani at the age of 93 highlights his significant impact on the fashion industry both in Italy and globally [1] Group 1: Company Impact - Valentino Garavani founded the Valentino fashion brand, which has grown to become a globally recognized name in the fashion industry [1] - His contributions to fashion have been acknowledged as a source of inspiration and creativity, benefiting the fashion world [1] Group 2: Industry Reaction - Italian President Mattarella expressed condolences to Garavani's family, emphasizing the great inspiration and remarkable creations he brought to the fashion industry [1] - Italian Prime Minister Meloni remarked on the loss of a legendary figure, noting that Garavani's legacy will continue to inspire future generations [1]

Group 1 - Valentino Garavani, a renowned Italian fashion designer, passed away at the age of 93, significantly impacting the global fashion industry [1] - The Italian President and Prime Minister expressed condolences, highlighting Garavani's inspirational contributions to fashion [1] Group 2 - European stocks experienced a collective decline, with U.S. stock futures also dropping, indicating a bearish market sentiment [2] - Major automotive brands such as Mercedes-Benz, BMW, and Audi reported a decline in sales in China, prompting them to initiate self-rescue measures [2]