Official: Puig Acquires Jean Paul Gaultier

Confirming a report on Hint two weeks ago, it was announced today that the Spanish conglomerate Puig has acquired a majority stake in the Jean Paul Gaultier label, buying Hermès’ 45% and 15% from the designer himself. WWD further reports that, come 2016, Puig will also take ownership of Gaultier’s fragrance license, currently held by Beauté Prestige International, a subsidiary of Japan’s Shiseido.


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