Dries Van Noten Partners with Puig
06-Jul-2018 | By: Vendôme Global Partners
Vendôme Global Partners was the exclusive Financial Advisor to Dries Van Noten in its recent sale to Puig.
Founded in Antwerp in 1986, Dries Van Noten is one of the most authentic, differentiated and successful independent designer fashion houses. Van Noten's Flemish heritage and Rubenesque sense of fading and dazzling colors are deeply intertwined into the brand's iconic, highly-acclaimed and coherent aesthetic - recognized for its artistry in color, all-embracing fabric combinations, creative prints and embroideries, skilled layering and impeccable craftsmanship.
The Dries Van Noten brand is one of the most vibrant heritage luxury fashion brands, with a unique DNA and significant opportunity to further accelerate growth.
On June 14, 2018, Dries Van Noten announced its strategic partnership with Puig, the Barcelona-based, family-owned fashion and fragrance company. With global sales of approximately €2 billion, Puig owns venerable fashion houses including Carolina Herrera, Nina Ricci, Paco Rabanne and Jean-Paul Gaultier.
Puig will be the majority owner alongside Dries Van Noten, who will remain a significant minority shareholder and will continue in his role as Chief Creative Officer and Chairman of the Board.
Since we formed Vendôme Global Partners six years ago, our sole focus has been in representing iconic brands and talented entrepreneurs within the Luxury Sector and in Connecting Creative Brands, with the goal of optimizing each client's specific objectives and attributes.