Pierre Cardin set to sell his fashion house

Legendary fashion designer Pierre Cardin has said that it is time to put his business up for sale.

The Italian-born France-based designer, aged 88, told the Wall Street Journal: “I know I won’t be here in a few years and the business needs to continue.”

He estimated that his empire was worth 1bn euros ($1.5bn; £897m), but some analysts put the value at half that.

His fashion house was one of the first to expand in Asia and the Cardin name was carried on a string of products.

“I want to sell it now,” Mr Cardin, who does not have an heir, told the newspaper.

He founded his house in 1950, and was known for his avant-garde style.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s