PRESS RELEASE Jeantex Group Announces Acquisition
of Yves Castaldi Corp.
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.08) followed by the Midwest, the West and
the Northeast.2%
----------------------------- -------------------
Embroidered/Applique Tops 8.3
%
-------------------------------- ------------------
Layered Necklaces
10. Shoppers chose, by more
than a three-to-one margin, that style (65 percent) is more important
than a brand name (21 percent).pimp corduroy
and abroad."
Yves Castaldi, founder and lead designer of Yves
Castaldi Corp. Among women shoppers with an opinion on the top
style, the vintage (21 percent) modern
bohemian (18 percent), urban
(17 percent) and sporty (14 percent) looks were among the most popular
selected.deja consignment
yvescastaldi. We have
an incredible opportunity to increase the Yves Castaldi brand presence
and
product collection in specialty stores and department stores throughout the
U.
Are shoppers
still pretty in pink? The popular hue was named the
top spring color for female shoppers (32 percent
), followed by green
(15 percent), yellow (13 percent) and blue (11 percent).
Men surveyed reflected
their affinity for casual apparel when they
selected fashion jeans (19 percent) and fitted polo shirts
(19
percent) as the hottest male fashion trends for this spring, closely
followed by brightly
striped shirts, graphic T-shirts and sport/team
jerseys (each tied at 14 percent).deja pimp
"
About
Jeantex Group, Inc.
Clothing Trends Shopper Responses
---------------------
-------- -------------------
Cropped Pants/Trousers 27.corduroy burberry
0 million in revenues
and
$2.0 million in net profit generated by Yves Castaldi Corp.
8%
-------------------
---------- -------------------
Accessories
"Female shoppers (66 percent) are virtually
twice as
likely as their male counterparts (34 percent) to plan a new seasonal
wardrobe," said
Garry Butcher. Sports jackets/blazers and suits, both 11 percent, ranked
next on the list for male
wardrobe spending.denim crossroad
designs and markets high end
apparel under the 'Just Yves,' 'I Generation' and
'Instinct Yves' brands.
Business Editors/Fashion Writers
SANTA MONICA, Calif.
Among
adult shoppers, 31 percent say they will spend more than
last year, 52 percent will spend the same
, and 18 percent plan to
spend less.6%
-------------------------------- ------------------
Wedge
Heels 10.
About Shopping in America
Shopping in America
is a national shopper intercept survey that
studies consumer shopping trends.corduroy secondhand
5-$3. He will continue
with the company as lead designer for Just Yves, I
Generation, Instinct Yves, and other fashion labels
. Yves' design and marketing expertise will prove invaluable
to us as we continue to grow our store
distribution and our capabilities.,
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
.burberry moschino
(OTC BB: JNTX) (Berlin
Stock Exchange: A0F45Q), a corporation engaged in the design, development
,
manufacturing and marketing of consumer products for apparel markets
worldwide, today announced
that it has signed an agreement to acquire the
majority ownership of Yves Castaldi Corporation.
Yves Castaldi's
fashion labels can be found in upscale department stores and boutique
stores in
the U. and Europe.
Henry Fahman, Chairman of Jeantex Group, Inc.81 on new
clothing and accessory
purchases, with cropped trousers, floral
prints, and trendy accessories and shoes topping women's
shopping
lists.4%
-------------------------------- ------------------
Macrame Handbags
8.2%
-------------------------------- ------------------
The Look?
The survey shows that just about anything goes when it comes to
fashion this spring.
Men
's Fashion
When it comes to men, the greatest percentage of shoppers will
stock their closets
with casual spring apparel (selected by 37
percent), followed by dress shirts (20 percent), and shoes
(12
percent). The Spring 2005 survey was conducted
among more than 4,200 shoppers in twelve regional
shopping centers
geographically spread throughout the United States.burberry fendi
Jeantex Group, Inc.
(www. 'I Generation' is a premium denim brand for both men and women.shoppinginamerica.accoutrements wrangler
in the
next
twelve months.gently accoutrements
Such forward-looking statements are made based upon
management's beliefs, as well
as assumptions made by, and information
currently available to, management pursuant to the "safe
-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.Consumers Spring into
Fashion with Latest ``Shopping in America'' Survey
"Regionally, shoppers in the South
will spend
the most ($390.1%
----------------------------- -------------------
Shrunken/Fitted Jackets
4.4%
-------------------------------- ------------------
Metallic Handbags
/Shoes/Sandals 17.
About The Macerich Company
The Macerich Company is a fully
integrated self-managed and
self-administered real estate investment trust, which focuses on the
acquisition, leasing, management, development and redevelopment of
regional malls throughout the
United States.wrangler spade
03) this spring.5%
----------------------------- -------------------
Embellished
Denim 14.resale fendi
'Just Yves' is a women's luxury fashion
brand with a collection
of pants, jackets, shirts, skirts, dresses, vests
and tops.
Its product offering includes denim
pants, shirts, jackets, T-shirts, and
handbags.----
Shoppers to Spend Average of $360 on
Spring Wardrobe, Rank Newest
Looks from Ballet Flats to Tunics
Three out
of five American shoppers plan to invest in a spring
wardrobe this year, according to the Spring
2005 Shopping in America
report released today disclosing the hottest trends.5%
-------------
------------------- ------------------
Ballet Flats 13.pimp ferragamo
To view
complete
Shopping in America results and graphics, past survey results
and the latest Fashion Icon Report
, please visit
www.biz
Look for additional Shopping in America survey results on prom and
tween
fashions to be released in March and April.burberry offs
Jeantex Group, Inc. "Accessories are hot this spring
, with
bright colors and metallics selected as favorites among women
consumers.com
accoutrements wrangler
The Company will acquire 51 percent ownership of Yves Castaldi Corp. The glamorous (12 percent
), preppy (10 percent) and
Asian-inspired (7 percent) styles ranked last. By
comparison, only 3
percent of shoppers selected black and 6 percent
chose white. Additional information about The Macerich
Company can be obtained from the Company's website at
www.deja denim
, said, "I
am extremely excited to
be expanding my relationship with Jeantex.38) and the 55-64 age group ($411."
Women's Fashion
While Easter is just around the corner, women will spend the bulk
of their spring wardrobe
budget on casual apparel -- selected by 40
percent of survey respondents (more than double the 18
percent who
spend on dressy apparel). Shoppers ranked cropped pants/trousers,
floral prints, embellished
denim and full/ruffled skirts among the
hottest clothing trends.5%
--------------------------
--- -------------------
Floral Prints 14.ferragamo nifty
S.68), followed by the 25-34
year-olds
($414.macerich.dior gucci
The 10 million shares will be vested on a
pro-rated basis, based on
a minimum of $10.
Based in California, Yves Castaldi Corp. Castaldi
currently designs the
premium denim collection in Europe for People of the
World.
We remain focused on diversifying
our product offering and will continue to
create value for our shareholders as we build our business
. Conducted for The
Macerich Company (NYSE:MAC) by August Partners, the survey shows that
consumers
aged 12 and over will spend an average of $359.corduroy secondhand
, through its wholly owned subsidiary Jeantex, Inc.4
%
----------------------------- -------------------
Full/Ruffled Skirts
13. Not all results are stated in
this release and some are rounded to the nearest whole number
.P.denim moschino
com) for 10 million shares of Jeantex restricted common
stock and $650,000 in cash, which includes
provisions for Yves Castaldi
Corp.
The Company's founder, Yves Castaldi, is best known as having
spent several
decades as a stylist and collections designer for major European and
American brands
, including Diesel, Levi's Europe, and Buffalo., said, "We are extremely
pleased to announce the acquisition
of this exciting fashion brand.
This news release contains forward-looking statements that are
subject to
certain risks and uncertainties that may cause actual results to differ
materially
from those projected on the basis of such forward-looking
statements. The new tunic look ranked among
the lowest
with shoppers.4%
----------------------------- -------------------
Tunics/Caftans
1."
Hottest Accessory Trends Shopper Responses
-------------------------------- ------------------
Colorful Leather Handbags
23. Total results have
a reliability factor of +/- 1 percent.nifty burberry
's working capital.1%
----------
------------------- -------------------
Pleated Skirts 9.1%
----
------------------------- -------------------
Cardigans 0.denim offs
S.crossroad 40s
Of
these adult shoppers, the 45-54 age group plan to be
the biggest spenders ($445.9%
----------
------------------- -------------------
None of the Above/No Opinion 6.
American
shoppers may be split on which look is the hottest, but
most agree that shopping for style is crucial
.dior overalls
"Luxury spending is living up to its name this spring as shoppers
from $100,000+ households plan
to spend $537, much more than the
national average," said Garry Butcher, Macerich vice president
of
marketing and consumer research. The Company is the sole
general partner and owns an 81% ownership
interest in The Macerich
Partnership, L. Macerich now owns interests in properties totaling
approximately
63 million square feet consisting primarily of interests
in 64 regional malls.gucci accoutrements
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