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Hedi Slimane to Design For Pierre Cardin?

Is Something Up at Pierre Cardin?

>> Is change on the horizon for the house of Pierre Cardin? There are certainly rumors floating around that would perpetrate as much. Earlier this month, shortly after Hedi Slimane confirmed that he plans to return to fashion design, commenters on The Imagist suggested that he may be headed to Pierre Cardin. And then this morning, The Imagist himself tweeted, "You will witness the return of Pierre Cardin to ultra-blue chip relevancy," suggesting that something is indeed a-brewing.

Just last week, Cardin said that in light of his age, he wants to hand his empire over to new owners soon: “A decision is fairly imminent. I want to do it this year. I am almost 89, you know. I might be alert for another two, three years, but after that, I’ll be a little bit senile.”

His minimum asking price remains one billion euros ($1.4 billion), despite criticism that the price is too steep for a business based mainly on licenses. “I field offers every single day,” Cardin noted. “Let’s do the math briefly. There are some 100 clothing products for men, women and children. There are roughly 100 countries. On average, I’m asking for one million euros [$1.4 million] per product and per country. That’s 10 billion euros. Wouldn’t you give one million euros to own the license for Pierre Cardin suits, for example? It’s nothing.”

Cardin added that he is currently leaning towards a plan by British-based investors to list the company on the stock exchange and keep him on as CEO. But, as WWD notes: "The famously mercurial designer could still change his mind."

Source: Getty
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