The founder and managing partner of New Yorker Clothing Stores, Friedrich Knapp, passed away at the age of 73. Knapp, who built a fashion empire with over 1,200 stores in 47 countries, died on the island of Sylt after a long illness. He had been seriously ill for about a year. Knapp's bold and visionary actions helped make New Yorker one of the leading fashion companies globally. The company currently employs around 23,000 people.
Knapp, who rarely made public appearances, died on Sylt, where he had arrived last week after receiving extensive treatment in Switzerland. Bild newspaper reported that he had been seriously ill for about a year.
