News

Hermès sells its Gaultier stake

04/05/2011

Luxury leathergoods brand Hermès has sold its 45% stake in fashion brand Jean Paul Gaultier. The buyer is Catalan perfume and fashion company Puig. Barcelona-based daily La Vanguardia said Puig had paid EUR 16 million in cash to take over this controlling stake in the Gaultier brand but that the deal was worth EUR 30 million in total, with Puig...

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