Cajfinger, the French fashion brand’s founder, who served as its creative director and chairman since 1987, is said to be pursuing “personal projects,” the company said Wednesday.
Paule Ka is owned by Change Capital Partners, which took a 70 percent stake in the company in 2011, spurring growth and driving international expansion, which, according to the firm, is calling for new managerial talent.
Cajfinger and his family remain the minority shareholders.
“I’m leaving Paule Ka with the feeling of a job well done. I’m confident that the teams in place will continue to write the beautiful history of Paule Ka with just as much success,” said Cajfinger, adding he is leaving behind a full collection for spring, while fall 2015 will be designed by an in-house team.
According to a spokeswoman for Paule Ka, the appointment of a new creative director is expected by the end of the year.
Also parting ways with the French ready-to-wear brand is Antoine Bing, Paule Ka’s chief executive director since 2002. Bing will stay on board until a replacement has been found to ensure a smooth transition.
Paule Ka is currently present in 56 countries via 475 points of sale, including 60 monobrand doors. In 2013, the brand reported sales of 50 million euros, or $66.4 million at average exchange.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)