Bidders Deemed “Insufficient” to Acquire Lacroix, Company Still Hopeful

July 27, 2009 • Fashion

Christian Lacroix has not found a satisfactory bidder yet

In the ongoing struggle to rescue French luxury house Christian Lacroix, several bids have been offered and then withdrawn from the table. The latest promising candidate was French turnaround firm Bernard Krief consultants who was seemingly in talks last week about acquiring the label. But alas, the Krief bid was deemed "insufficient" and two others written off as "inconsistent," according to a spokewoman for administrator Regis Valliot. Now a new bidder has joined the ranks with the Lacroix camp keeping their fingers crossed that this will be the real deal. Italy's Borletti Group, known for being linked to department stores La Rinascente and Printemps, has reportedly submitted a "serious" proposal to acquire the Lacroix company. No word yet on whether the bid or not the has been officially approved.

Article Source: WWD
Photo Source: frillr
-Alia Rajput

See the Top Ten Summer 2016 Trends for Women Over 40

Tags: , , , , , , , , , ,

Leave a Reply