Lacroix Saviour?
21 July 2009
CHRISTIAN LACROIX may be about to be rescued from bankruptcy, it was reported today. The couture-led luxury label, which entered administration last month is rumoured to have received a bail-out bid by restructuring firm Bernard Krief Consultants.
Christian Lacroix showed a reduced collection at Paris Couture Week earlier this month and - if the buy-out fails - Lacroix's owner, Falic Group, could initiate a dramatic restructuring plan which could see the workforce of 124 artisans slashed to just 12, Drapers Online reports.
Bernard Krief Consultants - who attempted to purchase French fashion group Morgan when it entered administration - is expected to table its formal bid for Lacroix in a week's time.
*Source Vogue.com
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