Hermes buys 35% stake in Gaultier fashion house
Article Abstract:
Hermes International SCA has purchased 35% of Jean-Paul Gaultier in deal worth 150 million French francs (22.9 million euros). The deal signifies an unusual partnership between "tradition and outlandishness." Hermes is a manufacturer of luxury goods based in France. Jean-Paul Gaultier is a fashion house. The deal combines a firm famous for its upmarket leather products and classic silk ties and scarves with one of the most original fashion designers.
Comment:
Hermes purchases 35% of Jean-Paul Gaultier in deal worth 150 million French francs (22.9 million euros)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Tommy Hilfiger's net rises 6.7%
Article Abstract:
Tommy Hilfiger Corp. posted an increase of 6.7% in its net profits for the 2001 second-quarter. The company posted $47.9 million in net profits for the period.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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