The company’s merger and purchasing sprees slowed down in the 2000s. However, the company signed a loose agreement with Azzedine Alaia. Skin care products were introduced in the United States in October 2000. A 30-day supply of cleansing lotion was marketed at the retail price of US$100. To help pay off debts of over US$850 million, the company planned on listing 30% of the company on the Milan Stock Exchange in June 2001. However, the offering slowed down after a decline in spending on luxury...
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