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June 2, 2008

François Pinault and his son François-Henri have spoken of their “great emotion” on learning of the death of fashion guru Yves Saint Laurent.

François Pinault and his son François-Henri (pictured) have spoken of their "great emotion" on learning of the death of fashion guru Yves Saint Laurent yesterday. He was 71.

The Pinaults, billionaire family owners of France-based PPR Group, which acquired the YSL fashion house and brand in 1999, said that with his death "French fashion and indeed the world lose a genius."

January 1, 2002

Italy is a world leader in fashion and design. However, increased global competition of the Italian fashion and design industry poses a potential threat to family dominance

The Italian fashion and design industry has overtaken France as a world leader, with an estimated 30% of the global market in luxury goods, estimated to be worth more than US$80 billion each year.

Italian fashion exports were valued at US$26 billion during 2000, an increase of nearly 15% over the previous year. Other significant export markets include Germany, France and the UK, with East European nations such as Romania emerging as new customers for the fashion giants of Rome and Milan.

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