March 29, 2015 - New York, NY - New York-based, Brazilian-born handbag and accessories designer Carlos Falchi passed away Friday night at the age of 70 after a short illness. He was renowned for his luxurious patchwork designs in exotic skins including python, alligator and caiman. Unusual and unique, the patchwork collage handbags are sewn by hand in New York City, and have been sought after by fashionable patrons since Mr. Falchi began his business in the seventies.

In 2009, Westport, Conn.-based private equity firm Windsong Brands LLC, teamed with Marvin Traub Associates to form Falchi Holdings LLC, acquiring the Carlos Falchi brand worldwide and associated assets. Following the transaction, Mr. Falchi was brought on as chief designer and creative director, providing him the opportunity to focus on brand building and design, rather than day-to-day operations.

Maura James, President of Falchi Holdings LLC, expressed her regrets. "I am sad to learn about the loss of a legendary fashion icon, who was not only an acclaimed tastemaker, but also a dear friend and fantastic business partner. It's been an honor to work alongside Carlos for the past 5 years, as we have expanded our Couture collection with high-end retailers. Carlos built his namesake brand into an internationally recognized symbol of innovation and quality craftsmanship. We will work tirelessly to carry on that tradition."

In addition to other awards and nominations, Mr. Falchi received the Lifetime Achievement Award from the Accessories Council of America in 2004 and the Independent Handbag Designs of America in 2007. Several of Mr. Falchi's designs are in the permanent collection of the Costume Institute of the Metropolitan Museum of Art.