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6 May 2011

Puig Acquires Jean-Paul Gaultier

WHAT Pierre Cardin Fashion House For Sale
WHEN 6th May 2011
WHERE www.Jeanpaulgaultier.com

' Puig Acquires Jean-Paul Gaultier '

Spanish fashion and fragrance group, Puig, bought HermΓ¨s‘ stake in the Jean Paul Gaultier label. The group purchased the full 45% stake owned by HermΓ¨s 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.


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