lol
whenever i see such women, all i can think of is 'more power to you gurrl!'
and damn. i love Volcom (well, basically all skate and surf brands). i hope the prices will stay the same.
2011 May 3
Puig Makes a Deal to Acquire Jean Paul Gaultier
(NEW YORK) The deal is done. Today, Puig announced its intention to purchase a 60% stake in Jean Paul Gaultier by acquiring the 45% stake currently held by Hermès International along with approximately 15% additionally from Gaultier himself. The deal was concluded today in Paris. “I am thrilled,” said Gaultier. “They’re nice people; they have a lot of energy. It’s a family business. They know what they want to achieve and they are taking Gaultier for Gaultier.” In 2016, Puig will also gain control of Gaultier's fragrance license, which is currently held by Shiseido subsidiary Beauté Prestige International. Gaultier will unveil a new men's scent during the July couture shows. The role of president at Gaultier will be relinquished by its namesake designer and filled by Manuel Puig, a vice chairman of Puig and president of Nina Ricci. Jean Paul Gaultier will turn his focus to designing his collections—couture and ready-to-wear in the men's, women's, and children's markets.
LVMH Managed to Buy More Hermès Shares
8/10/11 at 11:20 AM
Despite the lengthy measures that Hermès has taken to defend their company's shares from LVMH, who got everyone in a tizzy about the possibility of a hostile takeover when they gained a sizable chunk of Hermès stocks last year, LVMH has still managed buy more. The conglomerate announced yesterday that they'd upped their stake Hermès from 20.2 percent to 21.4 percent, although Bernard Arnault has maintained that he has no intention of attempting to gain control of the brand.
Another Bite [Vogue UK]
my jaw hit the floor
HOW???
Arnault is wealthy and stealthy enough to play a long game, *hoping that wayward family members will eventually weaken. The same strategy has worked for him in the past, notably at Louis Vuitton, just as it did for media mogul Rupert Murdoch when he wrested control of The Wall Street Journal from the Bancroft family. Imagine if the same thing happened to your family: Wouldn’t you worry about a cash-strapped cousin or grouchy uncle selling out?
Brioni Shock | ELLA ALEXANDER | 23 August 2011
BRIONI is ending its womenswear line, and its contract with the label's creative director Alessandro Dell'Acqua. Brioni's manufacturing plant in Italy, which was dedicated to the production of the brand's womenswear collections, will be shut down in September.
A statement from the brand attributes the decision to a renewed focus on its menswear line, although other press reports suggest ongoing talks with luxury conglomerate PPR - who were reportedly looking to acquire the brand - have played a key part in the move. The label's next womenswear show, due to take place during Milan Fashion Week on September 25, has been cancelled.
Dell'Acqua was appointed as creative director in May 2010, to strengthen its womenswear division.
A New Acquisition | LAUREN MILLIGAN | 15 September 2011
Updated Tuesday November 8, 10.01am: After months of talks and much industry speculation, PPR has acquired 100 per cent of the Brioni label for an undisclosed sum, Francois-Henri Pinault confirmed today. The label, which is thought to be worth in the region of £300 million, will form part of PPR's development plan - as Pinault sells the conglomerate's mass-market retailers to fund the acquisition of labels with better expansion potential.
LVMH Got Its Hands on More Hermès Shares
By Charlotte Cowles
Hermes just can't get comfortable.
Just one day after the Hermès family announced that their new non-listed holding company — which they created to protect the company's shares from LVMH's encroaching ownership — was officially up and running, LVMH said it had increased its stake in Hermès yet again. According to a statement released today by France’s stock market authority AMF, LVMH upped its stake from 21.4 percent to 22.3 percent. It now holds 16 percent of the firm’s voting rights. Although Hermès's new non-listed company arrangement will make it harder for LVMH to acquire company stocks in the future, the timing of LVMH's announcement implies that Bernard Arnault has no intention of backing down.
