WHAT Pierre Cardin Fashion House For Sale
' Puig Acquires Jean-Paul Gaultier '
Spanish fashion and fragrance group, Puig, bought Hermès‘ stake in the Jean Paul Gaultier label. The group purchased the full 45% stake owned by Hermès for €16 million, in addition to an unspecified stake from the designer.
“I am thrilled,” Gaultier told WWD. “They’re nice people; they have a lot of energy. It’s a family business. They know what they want to achieve and they are taking Gaultier for Gaultier.”
Puig also owns luxury fashion brands Nina Ricci, Paco Rabanne and Carolina Herrera.