Yves Saint Laurent retires
This article was originally published in The Rose Sheet
Executive Summary
Fashion designer announces retirement in Paris Jan. 7. Retirement will result in the closing of YSL fashion house's couture business but will have little impact on the ready-to-wear business or fragrance and beauty license, which operate under Gucci. The rights to YSL ready-to-wear and beauty were acquired by the Pinault-Printemps-Redoute-owned Gucci for $1 bil. in 1999 from Artemis, a PPR holding company (1"The Rose Sheet" Nov. 22, 1999, p. 4). YSL fragrances include Opium, Kouros, Baby Doll and Nu, the most recent introduction that debuted in the fall (2"The Rose Sheet" July 16, 2001, p. 4)...
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