FAUSTO RADICI, 49, DIES OF SELF-INFLICTED GUNSHOT
MILAN — Fausto Radici, one of the brothers who head up the Italian textile empire of the same name, committed suicide at his home over the weekend. He was 49.
Radici, who shot himself, was found in a wood shed near his mountain chalet outside the northern Italian city of Bergamo early Sunday morning by Italian state police. No warning note was left, but an Italian wire report quotes family members as saying that Radici was distraught over a failed business venture in Argentina.
Before entering the billion-dollar family textile business, Radici gained fame on the ski slopes. He was an accomplished slalom skier who won several national and international championships during his career.
In the late Seventies, he left the world of sport and entered the business his grandfather founded in 1946. Radici, along with his brothers Angelo, Paolo and Maurizio, oversaw the group’s activities, which today is a multinational fiber, textile and chemical concern with 60 factories worldwide and 9,000 employees.
Radici is survived by his wife and two children.