The fate of French contemporary brand JC de Castelbajac has been delayed until September, according to newspaper reports today. A French court ruling on the purchase of the brand, which entered receivership in May, was expected initially in July but has been put back to September 6.
A Commercial Court hearing was set examine bids to purchase the brand. Current bidders include Dominique Bergin, the president of bicycle company Look Cycle, and EXR Korea Co., the South Korean sportswear retailer. Falic Group, the Florida based owners of Christian Lacroix, were also said to have been in the running but have since pulled out, according to reports.
JC de Castelbajac, the eponymous label founded by designer Jean Charles de Castelbajac, went in to receivership earlier this year following the withdrawal of funds from its owner the Sixth Swedish National Pension Fund. The Sixth AP Fund has held a controlling stake in the brand since 2008 and is said to have invested €10m(£8.69m) in the brand’s expansion, splitting the label’s collections in to one main line JC de Castelbajac and JCDC by JC de Castelbajac, a diffusion line.