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JCDC Declares Bankruptcy

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Avant-garde French fashion designer Jean-Charles de Caselbajac has declared corporate bankruptcy—receivership—reports WWD. JCDC, as he prefers to be called, is probably best known for his over-the-top fun fashion designs and colorful-concept shows. WWD says the company "has gone into receivership following the withdrawal of funds from its owner, The Sixth Swedish National Pension Fund, a spokesman for the fashion brand confirmed. Several suitors are in negotiation to buy a majority stake in Castelbajac, she added." [WWD]