PARIS — The Thierry Mugler fashion house is closing shop.
Its owner, Groupe Clarins, said Tuesday it signed a deal for Balmain to take over four Mugler stores — three in France and one in Belgium — and its Anger, France-based factory. Terms of the agreement were not disclosed.
Clarins also signed a worldwide licensing agreement, initially for five years, with Tombolini for Mugler’s men’s wear. The Italian firm also took over Mugler’s men’s store and its Galeries Lafayette and Madelois corners in Paris.
Many former Mugler Couture employees — of which there were 212 in France — have already been placed in new jobs. For instance, Balmain has hired 56 of the 74 workers at the former Mugler factory, according to Perrine Houdoux, head of Mugler’s fashion business. She added that Tombolini has taken over the personnel at Mugler’s men’s store and corners; 15 former Mugler employees have accepted positions at other fashion houses, and 10 were hired inside Groupe Clarins.
As reported, various licenses for Mugler products, from eyewear to handbags and jeans, will continue.
Clarins is shuttering the money-losing fashion house to concentrate on Mugler fragrances.
A Balmain spokeswoman confirmed the transaction, but declined further comment. As reported, Balmain is skipping couture next week, but plans to name a creative director this month and be back on the Paris runway in October.
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