Christian Lacroix Update - Could This Last-Minute Bid Save Fashion House?

Posted Sep 30th 2009 at 4:30PM by Lesley Kennedy (Subscribe to Lesley Kennedy's posts)

Filed under: News

Will a last-minute bid be enough to save Christian Lacroix? Photo: Pierre Verdy, AFP/Getty Images

Time may be about to run out for the Christian Lacroix label, but fashion fans are hoping a last-minute effort could save the company.

According to WWD.com, an Ajman sheik has placed a bid to keep Lacroix's operations running. Word is not yet out on whether contracts have been signed, however, the story states.

Back in May, the fashion house was placed in a six-month period of administration, and although Lacroix says he's done everything to keep the line afloat, things have looked grim as the company was restructured, a bailout offer was rejected and Italian investment firm Borletti decided against making a firm offer.

According to Reuters, Hassan bin Ali al-Nuaimi, a nephew of the ruler of Ajman, part of the United Arab Emirates, will face offers from Bernard Krief Consultants and Financiere Saint-Germain holding company. Stay tuned!

Check out this review of Lacroix's most recent fashion book.

Tags: bailout, bancruptcy, bid, Christian Lacroix, ChristianLacroix, company, designer, French, saved, WWD

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