The Christian Lacroix saga continues.

Earlier this month, we feared the worst for the fantastically high fashion design house. Although Lacroix is a fighter, the odds were stacked so far out of the designer's favor that it seemed the end of the label as we know it was inevitable.

However, WWD reports that turnaround firm Bernard Krief Consultants might be planning to save Lacroix. The firm claims to be a lone contender, and explains that it's choosing to bid because Lacroix is part of France's cultural heritage. We couldn't agree more!

Lacroix is currently owned by the Florida's Falic Group, which intends to seek a buyer through the end of this month. If, by that time, a buyer hasn't been found, the124 employees will be cut to just 12 as part of a restructuring plan.