AI assistant
Hermès International — Share Issue/Capital Change 2011
May 3, 2011
1399_iss_2011-05-03_d9cb1048-6e89-4c1a-bd8a-53abef3fa7cb.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
INTERNATIONAL
24, RUE FAUBOURG SAINT-HONORÉ 75008 PARIS - TÉL. +33(0)1 40 17 49 20 - FAX +33 (0) 1 40 17 47 18 SOCIÉTÉ HOLDING DU GROUPE HERMÈS, STÉ EN COMMANDITE PAR ACTIONS AU CAPITAL DE 53 840 400,12EUROS - 572 076 396 RCS PARIS
Paris, 3rd May 2011
Press release – Jean Paul Gaultier
A Shareholder of Jean Paul Gaultier's house since 1999, Hermès has supported its international development. Acknowledging Mr Jean Paul Gaultier's desire to accelerate the deployment of his house and give it a fresh impetus, Hermès has sold on May 3rd, in full agreement with the creator, all of its 45% stake in the house to the Spanish group Puig. The selling price of the shares (M€ 16) together with the repayment of the granted loans (M€ 14) will generate an accounting profit of equivalent amount (M€ 30) in 2011. Mr Patrick Thomas, chief executive officer of Hermès has declared "I am delighted with this move for a house that is deer to our heart. I am convinced that the alliance between Jean Paul Gaultier and the Puig family will take the house to new highs".