Puig Gains Control of Jean Paul Gaultier

By
Photo: Pierre Verdy/AFP/Getty Images

After a few weeks of negotiations, Spanish luxury group Puig signed a deal to buy a 60 percent stake in the Jean Paul Gaultier fashion house, purchasing all 45 percent previously held by Hermès International and an additional 15 percent from Gaultier himself. The designer still holds the remaining 40 percent of the company and seems perfectly content with how everything worked out. “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 Strikes Deal to Acquire Jean Paul Gaultier [WWD]
Earlier: Jean Paul Gaultier May Soon Be Owned by Puig