Home / Knowledge / News / Apparel/Garments / Korean sportswear firm acquires French fashion house
Korean sportswear firm acquires French fashion house
Sep '11
EXR Korea, a Korean sportswear firm, has acquired Jean-Charles de Castelbajac, a Paris-based fashion house, at a price of three million euros or US$ 4.1 million.

The French brand, which derived its name from name of French designer de Castelbajac, was instituted in 1978.

Castelbajac, a very good friend of pop artist Andy Warhol, was known for his distinctive designs which drew inspiration from pop art and cartoons.

The French designer was bestowed with the French Government's highest award, Legion of Honour, in 2002. The designer also became famous when he made T-shirts with US President Barack Obama's face printed on it and also a frog jacket which was sported by pop singer Lady Gaga.

Castelbajac was suffering financial crunch since May this year, as the Sixth Swedish National Pension Fund, the holding company of the brand, discontinued financing it.

The offer for acquisition was first placed by the French label to EXR Korea, which had taken over the label's trade name in Korea from Itochu Corp., a Japanese firm. Thus, EXR already had distribution rights for the brand in Japan as well as Korea.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search