Pierre Cardin wants to sell business for 1 bln euros

French fashion legend Pierre Cardin is ready to sell his group and will seek one billion euros (1.46 billion U.S. dollars).
“I want to sell it now,” Cardin, 88, told the Wall Street Journal. “I know I won’t be here in a few years and the business needs to continue.”
Cardin, who has no heirs, said he wants to stay on as creative director, explaining that it would be in the buyer’s interest “for the brand’s image.”


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