Henry Fahman, Chairman of Jeantex Group Inc, said, "Company is extremely pleased to announce the acquisition of this exciting fashion brand. They have an incredible opportunity to increase the Yves Castaldi brand presence and product collection in specialty stores and department stores throughout the U.S. and abroad."
"Yves' design and marketing expertise will prove invaluable to us as continue to grow store distribution and capabilities. Company remain focused on diversifying our product offering and will continue to create value for shareholders as build their business."
Yves Castaldi, founder and lead designer of Yves Castaldi Corp., said, "I am extremely excited to be expanding my relationship with Jeantex. I look forward to working with the Jeantex team to build upon the growth momentum they've created, sharing their infrastructure and manufacturing expertise to accelerate the reach of the Yves Castaldi brand."
Jeantex Group Inc, through its wholly owned subsidiary Jeantex Inc, engages in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide.
The Company also manufactures and markets new lines of uniquely designed high-quality jeans, T-Shirts, and accessories under the "Bone People" trademark, which are being marketed in Germany, Japan, Portugal, Scandinavia, Spain, and the US.
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