PARIS — Jean Paul Gaultier has been named president of the Jean Paul Gaultier Group.
This story first appeared in the July 21, 2010 issue of WWD. Subscribe Today.
In the role, he succeeds Véronique Gautier, who has left the company “to pursue other projects,” according to the firm.
The news confirms a report by WWD on June 19.
Gautier, who had been chairman of Hermès Parfums’ supervisory board and managing director of leather goods at Hermès International, joined the fashion house in 2008. Hermès owns 45 percent of Gaultier, while the designer holds the remainder.
Caroline Le Borgne has been put in charge of operations at Jean Paul Gaultier. She has been its deputy managing director since September 2006. Her title will not change.
Le Borgne, 47, has had 20 years of experience in the luxury sector, including positions at Christian Lacroix, Christian Dior Couture and LVMH Fashion Group. She is a graduate of HEC business school.
Revenues in 2009 at Jean Paul Gaultier, with the majority stemming from licensing royalties for fragrances, clothing and accessories, fell 19 percent year-on-year to 23 million euros, or $32.1 million at average exchange rates, according to the Hermès annual report.