Famed Indian Designer Rohit Bal Dies

Indian designer Rohit Bal (center) gestures at his fashion show in Mumbai in 2019. Sujit Jaiswal / AFP
Indian designer Rohit Bal (center) gestures at his fashion show in Mumbai in 2019. Sujit Jaiswal / AFP
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Famed Indian Designer Rohit Bal Dies

Indian designer Rohit Bal (center) gestures at his fashion show in Mumbai in 2019. Sujit Jaiswal / AFP
Indian designer Rohit Bal (center) gestures at his fashion show in Mumbai in 2019. Sujit Jaiswal / AFP

Rohit Bal, one of India's most acclaimed fashion designers, has died, his colleagues said Friday.
Media reports said he died at the age of 63 after a long illness.
"We mourn the passing of legendary designer Rohit Bal," the Fashion Design Council of India (FDCI) said in a statement on Instagram.
"Known for his unique blend of traditional patterns with modern sensibilities, Bal's work redefined Indian fashion, and inspired generations."
According to his website, Bal graduated from St. Stephen's College in New Delhi with a degree in history.
He then worked in his family's export business for a few years before launching his label and designer line in 1990.
"From the village crafts and traditional methods of design that India is so rich in, to the transient phenomenon of the subcontinent's urban landscape, the designer brings them all to life."
FDCI chairman Sunil Sethi said on Instagram that the passing of Pal, popularly called Gudda, "will leave a void in the fashion design space forever."
"Everyone admired him for his attention to detail, how beautifully his lotus bloomed on modern shapes and his understanding of what modern women desired," Sethi said.



Salvatore Ferragamo Adjusted Operating Profit Tumbles in 2024

 Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
TT

Salvatore Ferragamo Adjusted Operating Profit Tumbles in 2024

 Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)

Salvatore Ferragamo on Thursday reported that its adjusted operating profit had more than halved last year, as the Italian luxury leather goods group looks for a new boss to replace outgoing Chief Executive Marco Gobbetti.

Adjusted earning before interest and taxes (EBIT) dropped to 35 million euros, better than a LSEG analysts consensus, after the company last year said it expected an EBIT around 30 million euros.

The group reported a net loss of 68 million euros in 2024 from a profit of 26 million euros a year earlier.

Ferragamo's revenues declined 4% at constant currencies in the fourth quarter. In January the group flagged "encouraging results" from its direct-to-consumer sales which were overall flat in the last three months of the year.

The group said last month that its CEO Gobbetti would leave on March 6 after little over three years in charge, during which time the former Burberry chief failed to stem a slide in sales at the Florentine brand.