Artémis SA (Pinault) acquires 30% of Courrèges
Artémis SA, French billionaire François Pinault’s family holding company, has acquiered a 30 percent stake in French iconic fashion house of Courrèges. Pinault also controls Kering Group (Gucci, Bottega Veneta, Boucheron etc)
Courrèges recently staged its first catwalk show in 13 years, marking the debut of Sébastien Meyer and Arnaud Vaillant as artistic directors of women’s wear.
Jacques Bungert and Frédéric Torloting, the former Young & Rubicam executives who bought Courrèges from founders André and Coqueline Courrèges in 2011, said last year they were in talks to sell a minority stake in the company. They have made no further comment on the subject since.
Market sources said Artémis made the acquisition some time ago, without establishing a precise time frame. Officials at Artémis and Courrèges declined to comment.
Bungert and Torloting initially set about relaunching Courrèges through collaborations with companies including the Estée Lauder Cos. Inc., Eastpak, Evian, Alain Mikli and La Redoute.