We Hear Puig Has Bought Jean Paul Gaultier from Hermès

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. 

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