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.



Kering Reaches $860 Mln Paris Real Estate Deal with Ardian

The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
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Kering Reaches $860 Mln Paris Real Estate Deal with Ardian

The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)
The logo of fashion house Gucci is seen outside a store in Cannes, France, May 16, 2024. (Reuters)

Gucci owner Kering has transferred three of its Paris real estate assets to a new joint venture with French private equity firm Ardian, freeing up 837 million euros ($860.27 million) in proceeds, the company announced on Wednesday.

The portfolio of the new entity, in which Kering will keep a 40% stake, includes a building on place Vendome, famous for its jewellery boutiques, and two others on avenue Montaigne, one of Paris's main high-end shopping streets.

The transaction is part of Kering's broader real estate strategy, aimed at securing control of high-profile retail locations while also raising cash.

The company - which also owns fashion labels Saint Laurent, Balenciaga and Bottega Veneta - issued a hefty profit warning in October. It is due to report full-year results on Feb. 11.