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Jean Paul Gaultier May Be Resigning from Hermes

>> Jean Paul Gaultier is said to be resigning from his role as creative director of Hermes, reports Fashion Week Daily, with his Spring 2010 collection, to be shown in October, his last under the label.

A Hermes spokesperson did not return requests for comment, and no reason for the resignation was suggested. Gaultier has been with Hermes since 2003, when he took over after Martin Margiela's resignation as creative director; under his direction, the brand has flourished, on the runway as well as on the sales floor.  In July, the company reported an uptick of 12 percent in second quarter sales — especially notable in this year's tough market.

Also worth note: Gaultier's own label is tied to Hermes — the brand invested $23 million in June 1999 for a 35 percent stake in Jean Paul Gaultier, and then-CEO Jean-Lous Dumas was quoted saying the acquisition was "a love match rather than a business arrangement . . . I believe that Gaultier has the capacity to be what Hermès has become."

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