Hermes Rearranged The Next Sub &Nbsp; Chief Executive Officer Before Pfer.

Recently,

At the same time, Puig will repay 14 million euros.

In addition, Puig bought 15% of the stake from Paul Gautiye, founder and designer of the company, and eventually Puig owns 60% of the market share, leaving Paul Gautiye to retain the remaining 40% stake.

According to the news, the death of Hermes CEO Jean-Louis Dumas led to a breakup of cooperation between Hermes and Jean Paul Gautiye for more than a decade.

As early as last year, Jean Paul Gautiye resigned from the position of creative director of Hermes and joined the L Or al group.

In 1999, Hermes purchased a 35% stake in high tier and raised its stake to 45% in 2008.

Sales in 2009 fell 19% to 23 million euros.

Although sales rebounded last year, it is still a net loss.

In April, Hermes announced the sale of its equity.

Later, potential bidder including Japanese cosmetics company Shiseido and Puig eyed the tiger.

Founded in 1982, Gago's revenue is mainly based on franchise fees. Perfume is the core and most profitable part of its brand. The perfume business accounts for 80% of the perfume business. This partly explains why the brands are eyeing them.

In an interview with the first financial daily, luxury industry analysts pointed out: "Hermes sold more than 20% of the proceeds from the LVMH group's" invasion "and was controlled by Bernard Arnott (Bernard Arnault).