Pierre Cardin for sale??

A private Chinese shoe manufacturer is in discussions with Pierre Cardin for possible acquisition, media reports stated yesterday, quoting the Chinese company's chairman Liu Jianxue.

Guangzhou Jiansheng Trading, once a marketing agent for Pierre Cardin, expected the talks with the French firm to yield a result in a month's time, the report said.

The paper quoted Europe-based Chinese language media as saying another private Chinese firm was also interested in investing in Pierre Cardin and that the two firms were each offering 200 million euros ($281 million) for the acquisition.

Source from Alibaba.com