Pierre Cardin Calls It Quits, Wants to Sell Label for £1 Billion

Fashion mogul Pierre Cardin, now 88 years old, has told the Wall Street Journal that he sees the writing on the wall that his time here is short and he now wants to sell his label, so that it can continue on without him. His set selling price? £1 Billion, or close to $1.5 billion in US dollars. Since the offer was announced, analysts have scoffed, claiming that Cardin’s business is worth roughly £200 million.