LUX-Update: Christian Lacroix Has Serious Bidders
Fellow Lacroix devotees, we’re excited to report that the French design house, Christian Lacroix, has multiple bids from serious buyers!!
This is fantastic news, considering that back in June we reported the couture line was forced to file for bankruptcy protection due to financial constraints. Though, there was still hope for a possible buyer to save the legendary designer and his ‘ready-to-wear’ collection. We’re happy to report that not only do they have one, but also at least two serious offers.
One offer comes from Italy’s Borletti Group, who owns La Rinascente and Printemps department stores, and is headed by Italian entrepreneur Maurizio Borletti, who happens to be associated with Lacroix himself. The French turnaround firm, Bernard Krief Consultants, has also thrown their bid in for consideration. However, their first bid was turned down. Though, they plan to make another bid soon after close consideration of the numbers.
Christian Lacoix stated to WWD, “that he also has the support of the people of the street, and feels enlivened by the idea of continuing his business.”
Additionally, Lacroix’s current owner, Florida-based Falic Group, is looking to create a restructuring plan that could help to entice even more serious buyers.
Plus LUXies, it seems Lacroix has continued to have conversations with other prospective buyers—even the French government has their eye on the situation because they consider the label to be a symbol of France!
The next steps will be for all the bids to be reviewed by a commercial court in September, which will then determine the next steps of the company. We’ll most definitely keep our fingers crossed and hope for only the best!
It’s wonderful to see the outpouring of support and possible buyers flooding in, positive LUX-news both for high-fashion and the future success of the Christian Lacroix label.
Fashion.Life.LUX.
Tagged in: bernard krief consultants, christian lacroix, falic group, borletti group, couture fashion, qualified bidders, bankruptcy update,
