By  on May 31, 2011

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.

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