Fashion
Paul Costelloe, personal designer to Princess Diana, dies at 80
By
Reuters
Published
November 23, 2025
Irish fashion designer Paul Costelloe, personal designer to the late Princess Diana who became a fixture at London Fashion Week for four decades, has died aged 80, his family said in a statement on Saturday quoted by local media.
Costelloe was appointed as Diana’s personal designer in 1983, shortly after establishing his own label, Paul Costelloe Collections, and their collaboration continued until her death in a car crash in Paris in 1997.
Costelloe, who led the development of all his collections from his studio in central London, was invited to show at the city’s premier catwalk event in its inaugural year in 1984 and was there in September to present his latest spring-summer creations.
Costelloe died peacefully surrounded by his wife and seven children in London following a short illness, the family said in the statement quoted by local media. A spokesperson for Costelloe could not immediately be reached for comment.
Costelloe was born in Dublin in 1945, where he initially trained before moving to Paris’ revered Chambre Syndicale de la Haute Couture and then to another fashion capital, Milan, where he was designer for the luxury department store La Rinascente.
He spent some time in New York where he established his own label before settling in London, where his partnership with Princess Diana flourished. His collections today include womenswear, menswear, bags, homeware and jewellery.
“Paul led a remarkable life as a leading figure in Irish, UK and international fashion and business for decades. He built a hugely successful business through incredible talent, discipline, and an unwavering commitment to quality,” Ireland’s Deputy Prime Minister Simon Harris said in a statement.
“His was and is a quite remarkable Irish success story.”
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Nominal GDP, or GDP at current prices, is estimated to grow at 8.6 per cent to reach ₹345.47 trillion in FY26 against ₹318.07 trillion in 2024-25.
India’s real GDP is estimated to grow at 7.6 per cent to ₹322.58 trillion (~$3.54 billion) in FY26 compared to the first revised GDP estimate of ₹299.89 trillion for FY25 (7.1 per cent growth).
It released the new series of annual and quarterly national accounts estimates with FY23 base.
Real GVA is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25.
Real gross value added (GVA) is projected to grow at 7.7 per cent to reach ₹294.40 trillion in FY26 against ₹273.36 trillion in FY25 (a 7.3-per cent growth rate).
Nominal GVA is estimated to grow at 8.7 per cent to hit ₹313.61 trillion during FY26, against ₹288.54 lakh crore in 2024-25.
Robust economic performance in FY26 is primarily on account of robust real growth observed in the second quarter (8.4 per cent) and third quarter (7.8 per cent).
The manufacturing sector has been the major driver of resilient performance of the economy the consecutive three fiscals after rebasing, a release from the ministry said.
Both private final consumption expenditure and grossed fixed capital formation exhibited more than 7-per cent growth rate in FY26.
Fibre2Fashion News Desk (DS)
The transition marks the formal handover of executive leadership to President and CEO Keun-Chang (Kevin) Yoon, reinforcing management continuity while preserving the founder’s long-term strategic vision.
Misto Holdings founder Gene Yoon has transitioned to honorary chairman in a planned leadership succession, formally handing executive control to president and CEO Kevin Yoon.
The founder, who expanded the group through the FILA global trademark acquisition and the takeover of Acushnet, will continue guiding long-term strategy as the rebranded Misto focuses on governance and sustainable growth.
Gene Yoon founded the business that would become Misto Holdings in the early 1990s, introducing the FILA brand to the Korean market and later leading a series of transformative transactions. In 2007, the company acquired the global FILA trademark rights through a leveraged buyout, followed by the 2011 acquisition of Acushnet Company, owner of the Titleist and FootJoy brands. The transaction was among the largest cross-border deals in Korea’s consumer sector at the time and significantly expanded the group’s global footprint.
Under his leadership, the company evolved into a multi-brand global portfolio spanning sportswear, golf equipment and apparel, generating approximately USD 3.08 billion in annual revenue.
As Honorary Chairman, Gene Yoon will remain closely engaged with the company, providing guidance on long-term strategy and global portfolio development while supporting management from a broader strategic perspective.
The leadership transition marks a new chapter under President and CEO Kevin Yoon, who has spent nearly two decades in senior roles across the group’s global operations, building deep operational and strategic expertise.
The company’s 2025 rebranding to “Misto” underscores its evolution into a global brand house focused on disciplined capital allocation, enhanced shareholder returns and sustainable long-term growth.
“Building on the founder’s legacy, our priority is to expand our global portfolio, strengthen governance and deliver sustainable value creation,” said Kevin Yoon, President and CEO of Misto Holdings.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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