Barcelona based Puig has acquired a 60% stake in the Jean Paul Gaultier brand, 45% from former holder Hermès and an additional 15% from Mr. Gaultier himself. Puig has been a leader in the prestige fragrance market with the Comme des Garçons and Prada fragrance licenses. Puig also holds interests in Nina Ricci and Carolina Herrera.
We can look forward to an expansion of the existing and extremely successful fragrance brand of Jean Paul Gaultier with hopes that his new partner will continue to support his creativity in both his Haute Couture and RTW labels.
The move to sell its interest in Jean Paul Gaultier by Hermès undoubtedly comes at a time when Hermès is focusing its efforts to fight the aggressive (and quite controversial) acquisition of over 20% of Hermès shares by Bernard Arnault of LVMH.
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