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.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive
For @simonerocha_‘s fall show, hairstylist @jamespecis created a look inspired by the painter John Constable. Models’ hair was pulled back, tied into knots and topped off with a bow. (📷: @kukukuba) #wwdbeauty #lfw
Queen Elizabeth made a surprise appearance at @richardquinn1's London Fashion Week show to present the designer with the inaugural Queen Elizabeth II Award for British Design. The new award will be handed out annually to an emerging British fashion designer who shows exceptional talent, while demonstrating value to the community and sustainable policies. #wwdfashion #lfw (📷: @giovanni_giannoni_photo)