Atlas Design Group, the Swedish company founded in 1943, has sealed a deal to acquire the French fashion brand Jean-Charles de Castelbajac Group from the administrators of Marchpole Holdings Plc for £3.15m ($4.7m).

The acquisition that was made through Atlas' London-based subsidiary Momentum Brands Holding Ltd. will see JCC becoming a wholly-owned subsidiary of Atlas Design, which will manage the fashion brand alongside Jean-Charles de Castelbajac himself.

The takeover will protect the JCC brand and allow its flagship stores in Paris, London, Lyon, Moscow and Tokyo to continue to trade.

Allan Ladow, CEO of Atlas Design Group, said in a statement: “We believe that this is the time to find fantastic brands that will ride out the recession because of their strong history. We are very proud to be able to work with Mr. Castelbajac for the future.”

—Emma Holmqvist