MarketPierre Cardin (brand)
Company Profile

Pierre Cardin (brand)

Pierre Cardin SA is a French luxury brand founded by namesake designer Pierre Cardin in 1950. Initially a prestigious fashion house, the brand extended successfully into perfumes and cosmetics in the 60s, added furniture and home decor in 1968, and acquired new products for licensure rapidly during the 1970s. By the late 1970s, his name could be found on over 2,000 products, ranging from bicycle accessories to wine to cookware to home furnishings to heaters to blow dryers. He would continue to add licensees during the following decade, even showing them all together in a four-day event in Beijing in 1983. From 1988 onwards the brand was licensed extensively, and appeared on "wildly nonadjacent products such as baseball caps and cigarettes".

History
The brand manages more than 8,000 stores in 170 countries. The number of employees who work on the creation of Pierre Cardin products is more than 20,000 people. All products of the Pierre Cardin brand are produced at the Ahlers Group factory in Herford, Germany. A 2005 article in the Harvard Business Review commented that the extension into perfumes and cosmetics was successful as the premium nature of the Pierre Cardin brand transferred well into these new, adjacent categories, but that the owners of the brand mistakenly attributed this to the brand's strength rather than to its fit with the new product categories. In 2011, Cardin tried to sell the business, valuing it at €1 billion, although the Wall Street Journal considered it to be worth about a fifth of that amount. Ultimately he did not sell the brand. == References ==
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