News & Scoops

2009 July 27

Save Lacroix!

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(NEW YORK) After an inspiring couture showing, it seems the much-needed bailout for Christian Lacroix might just be on the horizon. Though it was reported last week that an offer from Bernard Krief Consulting might be the thing to save the company, the judicial administrator of Lacroix said the bid was “insufficient,” and two other bids were inconsistent. However, the administrator did indicate that one offer was potentially serious—from Italian group Borletti, associated with the Rinascente department store group (which also bough the French department store, Printemps, from PPR in 2006). A commercial court will consider the bids and is expected to make a ruling on the future of the company in September.

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