Puig Snags Ralph Toledano

PARIS — Putting more management muscle behind its fashion activities, Puig has hired Ralph Toledano to run its key Paris-based houses: Jean Paul Gaultier and Nina Ricci, Glamwirehas learned.

According to market sources, Toledano, best known for his 11-year stint as chairman and chief executive officer at Chloé, is to become president at Gaultier later this month, and add Ricci to his duties about a year down the road.

Toledano is expected to report to Manuel Puig, vice chairman of the Barcelona-based fragrance and fashion company. He has been heading up Ricci since 2008 and Gaultier since last May when Puig acquired a majority stake in the accclaimed couturier’s business.

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