But it wasn't until 1995, when Herrera's investor, Venezuelan magnate José de Armas, was looking for a way out that Mariano made an offer for the house. Puig currently owns 100 percent of Carolina Herrera's fragrance and ready-to-wear businesses. Later, Carolina Herrera received the Golden Plate Award from the American Academy of Achievement during the International Achievement Summit held in New York City and the Superstar Award from The Fashion Group International, which has also been awarded to great figures in the sector such as Donna Karan, Giorgio Armani, Valentino, Karl Lagerfeld, Oscar de la Renta and Nicolas Ghesquière. Carolina Herrera (born María Carolina Josefina Pacanins y Niño; January 8, 1993) is a Venezuelan fashion designer known for her personal style and for dressing several First Ladies, including Jacqueline Onassis, Laura Bush, Michelle Obama and Melania Trump.
As a regular at Studio 54, Herrera became friends with Vogue's editor-in-chief, Diana Vreeland, who encouraged her to design her own collection. In the late 1980s, the Spanish fragrance company Puig licensed the name Carolina Herrera to develop and market a line of perfumes. Acclaimed for her ready-to-wear and bridal wear, Herrera introduced the CH Carolina Herrera broadcast line in 2001. Since the launch of her namesake brand in 1981, Carolina Herrera has gained international recognition for its characteristic sophistication. Best known for its coveted range of ready-to-wear and bridal garments, Herrera introduced the CH Carolina Herrera broadcast line in 2001. At the end of the eighties, Puig, owner of the fragrance lines and brands of Prada, Valentino and Comme des Garçons, Paco Rabanne, Nina Ricci and Jean Paul Gaultier, licensed Carolina Herrera to develop a line of perfumes and, in 1995, she acquired the entire fashion brand, keeping it as creative director.
Venezuelan-American fashion designer Carolina Herrera is acclaimed by her New York-based fashion brand, prized for its beautiful handmade collections, impeccable style, and bold elegance.