Confirming wide speculation, we’re told that next week the Spanish luxury conglomerate Puig will, from its Barcelona headquarters, announce it has acquired Hermès’ 45% stake in Jean Paul Gaultier, edging out Interparfums in what would appear to be a win-win-win for the three parties.

Puig—which also owns Prada, Comme des Garçons, and Valentino perfumes, as well as fashion lines Carolina Herrera, Nina Ricci, and Paco Rabanne—is well-equipped to raise the brand’s profile and increase profitability. It is also thought that Gaultier, who had retained ownership of the other 55%, has sold a small portion of that majority, presumably to free up some cash. It’s unclear, going forward, who will keep the majority, but Gaultier will certainly remain the creative director.