Hermes Said It Would Sell Jean&Nbsp; Paul&Nbsp; Gaultier

2011/4/6 16:22:00 83

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Hermes

In 1999, it bought a 35% stake in the brand, and raised its stake to 45% in 2008.

Jean Paul Gaultier

The last season costumes designed for Hermes will appear on the 2011 spring and summer fashion week in October this year. He has been replaced by Lacoste's former creative director, Christophe Lemaire.

As for why Hermes has to become a member of LVMH, Hermes CEOPatrickThomas also explained: "in our circle, some groups are expanding and promoting, while others are dedicated and professional. We do not want to be more involved in such business encroachment and annexation. This is not an economic struggle, but also a cultural campaign."

Chairman LVMH

Bernard Arnault

The answer is always the official: "we will never lower the grade of Hermes. As long as Hermes wants to, he will always maintain his status even better."

In addition, the Spanish fashion group Puig has started negotiating with Hermes about the agreement to purchase its Jean Paul Gaultier45% equity.

Hermes said it would sell shares of Jean Paul Gaultier45%, but did not disclose any possible buyers.

Puig is a Spanish perfume, cosmetics and fashion multinational company. The company will also buy JPG shares from the designer audience. Of course, the designer still owns the majority stake.

Hermes has bought shares of JPG35% in 1999 and has increased its stake to 45% in 2008.

Gaultier resigned from the creative director of Hermes last year to better develop his clothing and advanced customization series.