Dries Van Noten Sells Majority Stake to Puig

Belgian designer Dries Van Noten has announced that Spanish luxury company Puig has taken a majority stake in his namesake label. The deal will see Van Noten become a minority shareholder, as well as continue his roles as Chief Creative Officer and Chairman of the Board.

Since the company was founded in 1986, Dries Van Noten has remained largely independent, meaning this deal marks an important change for the label. Puig operates predominantly in the fashion and perfume industry, and already owns stakes in companies including Jean Paul Gaultier and Paco Rabanne, as well as owning licenses for Prada and COMME des GARÇONS.

In other fashion news, Tomas Maier has left Bottega Veneta.

Click here to view full gallery at HYPEBEAST

Continue Reading at https://hypebeast.com/

Fatal error: Allowed memory size of 67108864 bytes exhausted (tried to allocate 20 bytes) in /home/content/93/6869993/html/wp-includes/wp-db.php on line 1906