Hermes high-priced transfer of entire equity interest in Jean Paul Gaultier

Puig family business for the Prada perfume, its brand Carolina - Hai Laina, Nina - Liz and Tony Parker - La Bangna, Gaultier to control it through the acquisition of part of the shares of the designer brands. Until last year, Jean - Paul - Gaultier has served as Hermes women's designer, he said in his last luxury brands on the fashion show, and Hermes played out a "love story", and the end of it rather sad.

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 Gaultier Hermes was the late former CEO Jean - Louis - Dumas appointment, he was widely regarded as Hermes from a small French silk scarf manufacturer for the world's leading luxury brands in transition the chief architect. Dumas died last year, Gaultier, Hermes. Hermes in 1999, started to invest in designer fashion house. As part of the long-term agreement with Gaultier, the Puig will repay the company 14 million euros of debt, the equity transfer and debt settlement a total of 30 million euros in return for the Hermes. In addition, the Puig from Gaultier founder and the designer - Paul - Gaultier hands of the acquisition of a 15% stake in final Puig has a 60% stake in Gaultier Gaultier retains the remaining 40% stake. Puig will get control of the main assets of Gaultier, perfume business, estimated to be worth 1 billion to 2 billion euros. But Gaultier's perfume revenues will take time.

Gaultier's perfume including the selling of Beaute in Paris perfume by Shiseido Co., Ltd. manufacturers the Prestige production of Le Male men's fragrance, the perfume each year to pay the designer salary, the contract was updated in 2001, extended to 2016. The famous French designer Gaultier enjoy sacred status in the fashion world, but his patent use tax perfume, clothing line and high fashion series and other reasons, lack of operating funds. This French designer is eager to raise funds to develop his fashion brand and sell his products in Asia and other emerging markets. Industry analysts said the Hermes sale Gaultier More is to obtain a substantial income, previously subjected to the LVMH Group, the foreign "invasion" by Bernard Arnault controls more than 20% stake in Hermes , Hermes began to re-deploy their own.