Paris Men’s Fashion Week: bold Dries Van Noten lets his clothes do the talking
Belgian designer’s brand, now part of Spanish fashion-fragrance group Puig, impresses with collection mixing exquisite prints and nonchalant elegance
Last week, one of the most authentic independent designer brands, Dries Van Noten, surprisingly sold a majority stake to Spanish fashion and fragrance group Puig.
Even in the fashion and luxury industry, the appetite for mergers and acquisitions remains at a record high this year.
The eponymous brand launched by Belgian designer Dries Van Noten is now part of a fashion group that includes Carolina Herrera, Nina Ricci, Paco Rabanne and Jean-Paul Gaultier.
The designer will remain a minority shareholder, and CEO and chairman of the board.
Dries Van Noten is still one of the few brands that really makes money with its clothes.
With the experience and excellence of Puig in the beauty market, the Belgian fashion house is likely to start venturing into the beauty and fragrance businesses.