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)

Italy, Asset sales & divestitures, Acquisitions & mergers, France, Mergers, acquisitions and divestments, Abstract, Hermes International S.C.A., Jean Paul Gaultier

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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.

United States, Sales, profits & dividends, APPAREL AND OTHER TEXTILE PRODUCTS, Finance, Profit, Profits, Tommy Hilfiger Corp., TOM

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