Yves Castaldi bags I-Generation denim jeans order from Galeries Lafayette
15 Feb '06
2 min read
Corporation engaged in the design, development, manufacturing and marketing of consumer products for apparel markets worldwide, Jeantex Group Inc announced that the Company's majority-owned subsidiary Yves Castaldi Corp. has received an order for 11,000 pieces of "I-Generation" denim jeans from its French distributor.
A significant portion of this order will be delivered to the exclusive Galeries Lafayette on Haussman Boulevard, Paris, France while the remainder will be distributed in other Galeries Lafayette locations throughout France as well as in other leading department stores and upscale boutiques throughout the country.
Jeantex believes this order to its French distributor is valued at up to US $2.6 million in retail value and will ship in the first quarter of the Company's fiscal year.
Galeries Lafayette is a high-end department store throughout France and will provide I-Generation with an exclusive, designer's corner in the main store on Haussman Boulevard, Paris.
The retail price points for the "I-Generation" brand in Europe range between EU $150-200.
Yves Castaldi, CEO and lead designer of Yves Castaldi Corp., commented, "They are very pleased to announce this new order both from their French distributor and Galeries Lafayette.
They believe the addition of new, high profile customers like Galeries Lafayette represents a strong opportunity for their business in the 2006 fiscal year.
They are encouraged with their momentum and look forward to increasing the growth of their diverse portfolio of leading brands."
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