YSL'S COUTURE HOUSE SOLD.(SLPB Prestige Services acquires Yves Saint Laurent Haute Couture)(Brief Article)

WWD | March 19, 2002| | Copyright

PARIS -- Legendary couturier Yves Saint Laurent has retired, but the expertise his atelier built up over his 40-year career will go on -- and be available to other designers.

French tycoon Francois Pinault, who since 1999 has owned and funded YSL's money-losing business via his Artemis private holding firm, said Monday that he would sell YSL Haute Couture to SLPB Prestige Services, a fashion services firm, for a symbolic euro, or about 90 cents.

"Pinault wanted to find a way to save the people's jobs working at the couture," said his spokeswoman.

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