Sunday, August 23, 2009

Gaultier Leaving Hermès?

Reports have surfaced suggesting that French designer, Jean Paul Gaultier, and head of the luxury label Hermès will tender his resignation in coming weeks- and that his spring/summer collection in Paris this October will be his last for the luxury house.
Gaultier assumed the role in 2003 following the departure of Martin Margiela, bringing the label critical acclaim and commercial success.
In July, the company released an exceptionally positive earnings report, announcing a 12 per cent increase in second-quarter sales - with leather goods up 33 per cent and ready-to-wear 12 per cent, The Daily reports. Hermès's patronage of Gaultier began in 1999, when the brand invested $23 million in the designer's eponymous collection in exchange for a 35 per cent stake.

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