Puig aims to make Jean Paul Gaultier profitable by 2016
Spanish beauty group Puig which owns the majority stake in French fashion house Jean Paul Gaultier has announced it aims to bring the company back to profit by 2016. Several important management changes have been implemented recently, with Sophie Waintraub appointed as CEO and Jérôme Commergnat as Commercial Director. The menswear line which is produced in licensing by Gibo Group will likely be expanded.
Puig could achieve its objective especially with the possible acquisition of the license for the highly successful fragrances license of the brand which is held until 2016 by BPI.