After Jean Patou's early death in 1936, the maison passed through the hands of Marc Bohan, Karl Lagerfeld, Michel Goma, Jean Paul Gaultier, Angelo Tarlazzi and Christian Lacroix. From 1919 it produced haute couture, ready-to-wear and perfume — its fragrance JOY long marketed as 'the most expensive perfume in the world.' The company closed by 1996.
Acquired by Procter & Gamble in 2001 and Designer Parfums in 2011, the brand was revived when LVMH announced a strategic partnership in 2018, relaunched couture under the name Patou and appointed Guillaume Henry as Artistic Director. The house introduced its first leather handbag, Le Patou Bag, in 2021.