Christian Lacroix at his emotional haute couture Spring 2010 show in Paris this past July
In the still ongoing search to find a proper investor for legendary French house Christian Lacroix, new developments have just been made. The latest point to an Ajman sheik from the Gulf Region, who has reportedly submitted a bid that would preserve the integrity and operations of the label. Yesterday was the deadline for the Paris administrator in the process to receive offers. And though this new suitor does seem more promising than many other who had thrown their hat into into the pile, Lacroix executives are being cautious since no contracts have been signed and financial guarantees are not yet in
place, one source said. However, It seems the designer himself was involved in
the talks so hopefully this will turn out to be the opportunity he's been waiting for after several failed attempts in the recent past.
Article Source: WWD
Photo Source: NYDN