Marchpole signs new distribution agreement with Coronet
05 Jul '07
2 min read
Marchpole Holdings plc is pleased to announce that its wholly-owned subsidiary Jean Charles de Castelbajac (JCC) has signed a new distribution agreement with Coronet, a member of the Itochu Group. The Itochu Group is one of Japan's largest trading corporations, with Coronet distributing over 12 clothing brands including luxury label, Roberto Cavalli.
The contract is initially for two seasons, beginning with the 2008 Spring/Summer collection, with a view to extending the relationship for a further five years. Marchpole is entering into its second agreement with the Itochu Group.
In 1997 JCC received recognition as a high profile and worldwide designer through his design and distribution partnership with Itochu in Japan and South Korea. The Castelbajac brands for menswear and womenswear have since developed a loyal following in these markets.
Marchpole Holdings Executive Deputy Chairman, Michael Morris said, "This agreement represents a further stage in the development of the Castelbajac brand in Japan, where its popularity is already well established."
"Existing licensing agreements with Itochu generate retail sales for Castelbajac in excess of USD 75 million a year and are continuing to increase. Since the acquisition of the Castelbajac brand by Marchpole in 2004, both sales and licensing income have shown extremely encouraging growth and we confidently expect this to continue".
The Itochu Group President and Chief Executive Officer, Eizo Kobayashi said, "We are delighted to be entering into another agreement with Jean Charles de Castelbajac to continue with the success of the Castelbajac collection in Japan and South Korea. The JCC range is already a highly sought after brand and we look forward to another long and successful relationship with Jean Charles."
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