It seems that relations between Hermès and designer Jean Paul Gaultier are straining. Last year, after seven years as a designer for the French fashion house, Gaultier announced he was leaving his post. Now, there are rumors in Europe that Hermès is ready to sell the 45% stake it holds in the designer’s brand. According to sources, the disagreement between the parties began after the death of Jean-Louis Dumas, CEO of Hermes and responsible for hiring Gaultier.
* The deal wasn’t even been announced yet and there are already interested people. The Puig Group, owner of brands such as Carolina Herrera, Nina Ricci and Paco Rabanne, has already expressed interest in acquiring not only Hermès’ share but Jean Paul’s as well, in order to have greater control over the brand. Let the bids start!
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