After a period of eleven years has luxury group Hermes decided interest in the fashion house Jean Paul Gaultier to get rid of. With the pending sale will end a long collaboration between the two companies.
The clothing is now available in the shops of Hermès is the latest collection by Jean Paul Gaultier. Last year the French designer known for his Hermès, where he was artistic director since 2003, to leave. The two remained linked, to date, Hermès a 45 percent interest in the company of Gaultier. The purchase of these occurred in 1999, when Hermes bought 35 percent in the fashion house of Gaultier for about $ 23 million with an option to also buy the remaining 55 percent. Hermès in 2008 increased its stake to 45 percent today. The rest is owned by Gaultier himself. The Hermes handbag maker made Friday in a two-line press release that it has been approached by “several parties” interested in the 45 percent interest. Experts estimate the market value of the fashion house of Gaultier in an amount ranging from tens to hundreds of millions of euros. In 2009, Gaultier’s home sales drop 19 percent to handle, it still sold for 23 million euros.