Itochu to launch Marchpole's new JCC clothing line in Japan
19 Oct '05
2 min read
Own brand management expertise firm Marchpole Holdings plc is pleased to announce that a further agreement has been reached with their Japanese partner, Itochu, in relation to a new Jean-Charles de Castelbajac clothing line and flagship store openings.
The agreement with Itochu, which will commence for Autumn Winter 2006, will see the launch of a new clothing line unique to the Japanese market. Under the terms of the new agreement, Itochu will pay JCC a design fee of 3% based on sales made in the territory with an annual minimum royalty which has been agreed over the initial three year term as Euro 420,000 (£290,000).
Itochu have also given further support to the roll out of JCC in Japan with a commitment to open two flagships stores, one in Kobe and the other in Tokyo. The design of the stores will be based on the concept store in Paris with a launch date of Autumn Winter 2006.
Itochu already achieves retail sales of Euro 80 million (£55 million) on the existing Castelbajac license agreement, and the design fee on these sales has been increased to 2.5% of wholesale value (Euro 25 millions) as of 1 October 2005.
UK's leading apparel firm Marchpole designs, produces and sells high quality clothing and accessories for six world class brands. The company has been in the apparel business for over 30 years, predominantly as licensee for Yves Saint Laurent, and working with designers such as Jasper Conran, Tomasz Starzewski and Boateng. Marchpole thrives on its Brand Management expertise and its ability to design, produce and sell menswear clothing and accessories for well known brands in the apparel marketplace.
marketing@alchempro.com
