Spain’s Puig acquires Dries Van Noten

Europe
Published:  20 June, 2018

The Spanish Group, owner of the Carolina Herrera, Jean Paul Gaultier and Nina Ricci fashion brands, has acquired premium Belgian label Dries Van Noten.

The terms of the deal have not been disclosed but founder and designer, Van Noten, is to retain a minority stake in his label and to remain as Chief Creative Officer and Chairman of the Board. His collections include leather footwear, bags and accessories for both men and women.

In 2017, Barcelona-based Puig recorded €1.9 billion in sales, up +8% year-on-year.