Jean Paul Gaultier Terminates Garment Business

According to WWD, designer Jean Paul Gaultier will terminate its namesake.

The men's and women's garments and accessories business focus on the high-end customization, the most profitable perfume business and other projects.

The last women's clothing series will be released during the fashion week September 27th in Paris.

Jean Paul Gaultier pointed out that the "commercial constraints" and the "crazy new series" of modern fashion industry made it impossible for them to enjoy the freedom of innovation and the time to find new concepts. These are the reasons why he made the decision with the brand controlling shareholder, Spanish perfume and fashion group Puig Beauty & Fashion Group SL.

This not only can cause dozens of employees to lose their jobs, but also means that they have just regained Jean Paul Gaultier in 2013.

Gib Co. SpA., the Italy manufacturer of a series of agents, will lose the customer.

Market information estimates that the annual sales of Jean Paul Gaultier brand will be about 30 million euros, including ready-made clothes, perfume, watches, glasses and sand.

And other products agency business contributed about half of the sales. In addition, the advanced customization business is close to breakeven.

Shiseido Co. Ltd. (4911.T) Shiseido's Beaut Prestige International (BPI) is currently the perfume agent of Jean Paul Gaultier, but it will end its 20 years of cooperation with the company in the middle of 2016.

Jean Paul Gaultier set up the brand of the same name in 1976, expanded the beauty business in 1991, joined the advanced customization schedule in 1997, and sold 30% of the shares in the 2003 when it became H creative RMES International SCA (HRMS.PA) at the head of creative director of Hermes. (after H H RMES International RMES, (Hermes) increased to 45%).

In 2011, Puig Beauty & Fashion Group SL acquired 60% stake in Jean Paul Gaultier, and Jean Paul Gaultier held 40%.

Jean Paul Gaultier history of ready-made agents: Japan's Onward Kashiyama Co., Ltd., 1978, ewad, ->1981, Italy, Gib Co. Co. SpA. year of the year of the year of the year, and the acquisition of the year of Italy, the end of the cooperation between the two countries.