Inter Parfums CEO: Interested In Hermes' JP Gaultier Stake
April 04 2011 - 11:26AM
Dow Jones News
Inter Parfums SA (ITP.FR) is interested in buying Hermes
International SCA's (RMS.FR) 45% stake in fashion house Jean-Paul
Gaultier, the French perfume company's Chief Executive Philippe
Benacin told Dow Jones Newswires Monday.
"We're interested," Benacin said in a telephone interview. He
added he did not have information on the other candidates and isn't
sure his company would be selected to purchase the stake.
Inter Parfums would be a "French solution" for the stake in
Jean-Paul Gaultier, which is seeking a partner to accelerate
development. As a company that doesn't have any activity in
fashion, it would leave broad artistic freedom to the designer,
Benacin said.
Hermes Friday said it had entered negotiations with several
potential acquirers for its stake in the fashion house.
Jean-Paul Gaultier has an haut couture business as well as
perfume, licensed to Beaute Prestige International, a subsidiary of
Japan-based Shiseido Co. LTD. (4911.TO).
According to recent press reports, Spanish group Puig Beauty
& Fashion; Suiss luxury goods group Compagnie Financiere
Richemont SA (CFR.VX); and Chinese Li & Fung LTD. (0494.HK) are
also interested in buying the stake.
-By Amelie Baubeau, Dow Jones Newswires; +33 1 40 17 17 57;
amelie.baubeau@dowjones.com
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