PARIS — Jean-Charles de Castelbajac has gone into receivership following the withdrawal of funds from its owner, The Sixth Swedish National Pension Fund, a spokesman for the fashion brand confirmed. Several suitors are in negotiation to buy a majority stake in Castelbajac, she added.
In a WWD story on May 13, designer Jean-Charles de Castelbajac said an unnamed buyer was in advanced negotiations to buy a majority stake in his namesake firm. Castelbajac said he also planned to acquire a minority stake, marking a return into ownership of the firm he founded in 1979 and whose creative direction he still heads.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"