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The fashion world is mourning a legend ... famed Italian designer Giorgio Armani has died, according to the company.

Word of Armani's passing first broke Thursday morning, when Sky News announced the businessman's death mid-broadcast ... but did not elaborate on a cause of death.

The fashion house then confirmed the news on their Instagram, writing ... "With infinite sorrow, the Armani Group announces the passing of its creator, founder, and tireless driving force: Giorgio Armani."

He died "peacefully" at home and was surrounded by his loved ones.

Per Armani's camp, the celebrated designer "worked until his final days," noting that his dedication to the company never wavered.

The Armani founder also skipped a runway preview show earlier in the summe

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