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Could Pierre Cardin be ready to sell his apparel and accessories licenses in China?

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CHINESE WHISPERS: Could Pierre Cardin be ready to sell his apparel and accessories licenses in China? Speculation is rife the 86-year-old designer is in talks to sell certain licenses in the populous nation, and is in talks with several potential suitors, including Jiangsheng Trading Company and Cardanro. Some Chinese press reports peg offers at 200 million euros, or $281 million. A spokesman for Cardin declined all comment Monday. Pierre Cardin was one of the first Western fashion houses to enter China in 1978, when the country opened up to the West.

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