Puig has acquired majority control of Jean Paul Gaultier, purchasing the 45% stake held by Hermès International and roughly 15% from the founding couturier. Manuel Puig, vice chairman of Puig and president of Nina Ricci, will also take on the president title at Gaultier, which the designer will relinquish to focus on designing couture and ready-to-wear collections for women, men and children. The deal makes Puig, parent of Nina Ricci, Carolina Herrera and Paco Rabanne, a bigger play...