Pierre Cardin won’t entertain offers below US$1.04bil

High price: Pierre Cardin, owner and founder of Pierre Cardin, speaks during an interview in his office in Paris. Cardin’s eponymous label has been for sale for a quarter of a century, though don’t bother haggling over the price: he won’t listen to offers below 1 billion euros. – Bloomberg

PARIS: After seven decades in the fashion industry, Pierre Cardin will have you know that he’s in no rush to get out.

His eponymous label has been for sale for a quarter of a century, though don’t bother haggling over the price: the fashion designer who pioneered brand licensing won’t entertain offers below 1 billion euros (US$1.04bil).