LONDON – Marc Value, the digital media and fashion entrepreneur who founded the WGSN and Stylus Media Group, has died aged 61.

Value died of a heart attack, in keeping with his family. His funeral can be held on Tuesday.

A genial man and canny entrepreneur who was quick to know the ability of information, digital news and forecasting for the creative industries, Value began his profession in clothing manufacturing.

He later turned his attention to trend and intelligence-gathering for the style industry. In 1997, along together with his older brother Julian, he launched Value Global Style Network, WGSN, geared toward fashion professionals on the lookout for data, evaluation and research on retail, product and magnificence trends.

In 2005, the Value brothers sold WGSN to the now-defunct Emap for 140 million kilos. Today, WGSN is a division of Ascential, a knowledge and ecommerce optimization company.

Five years later – after an unsuccessful try to retire – Value founded Stylus, which tracks and analyzes business trends across quite a lot of industries including fashion and wonder, electronics, home and industrial design, architecture and promoting.

Hearst would later take a 20 percent stake in Stylus Media Group.

Last yr, Value became executive chairman of Stylus after serving as its chief executive officer for greater than a decade.

Victoria Rennie, CEO of Stylus, described Value as an “indomitable presence whose passion and humor will leave an indelible mark on our business, and the industry, for years to return. Lots of us at Stylus have worked with Marc for a long time and his loss can be felt sorely.”

Rennie added: “We are going to proceed our work to evolve and grow the business Marc founded, as I do know he would have wished us to do. Our thoughts and deepest condolences are with the entire Value family at this very sad time.”

In 2007, Value stepped back into the clothing arena, reviving the Ossie Clark label, which showed for a number of seasons at London Fashion Week.

“I assumed it will be a fun and exciting project,” Value told WWD on the time. “The most important reason why British designers don’t succeed today is straightforward — finance. I’ve been within the clothing business for 30 years, and I assumed this is able to be a super way of giving something back to the British fashion industry.”

Value had an exclusive licensing cope with Alfred Radley, the clothing manufacturer that purchased Clark’s business within the late Sixties.

He said he was impressed with Radley’s “100% meticulous” Ossie Clark archive, which included 700 pieces of clothing, and that he desired to take a probability on a revival. Value’s plan was to take a position a “seven-figure sum” within the business.

Value picked Avsh Alom Gur, who had worked for Donna Karan, Roberto Cavalli, Chloé and Nicole Farhi, to hold on Clark’s creative legacy, and head the design team.

Value had wanted the Clark business to be the primary in a portfolio of brands. “My interest is in giving back to the British fashion industry,” he said.

But it surely was to not be. Value shuttered the label following the recession of 2008, the deepest slowdown the U.K. had seen since World War II.

Value was born in Nottingham, England, and had homes in England and Israel. In 2011, he became chair of U.K. Israel Business, a merger of the previous British-Israel Chamber of Commerce and the Israel Britain Business Council.

He was also a trustee of The Tel Aviv Foundation and the chairman of TLVinLDN. He served as chairman of the Board of Governors of Israel’s Shenkar College since 2013, invested in recent businesses and mentored young entrepreneurs from quite a lot of backgrounds.

He’s survived by his wife Kelly, and his former wife Hilda, who’s the mother of his children Patti, Max, Henry, and Louis. Value’s other survivors include his brother Julian; sister Erica, and grandchildren Edie, Jack, and Margot.