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Fashion Scoops

White Knight for Lacroix?... Back to America...

by WWD Staff

Posted Tuesday July 21, 2009

Last Edited Monday July 27, 2009

From WWD Issue 07/21/2009

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Comments

2217269

Christian Lacroix spring couture 2009

Photo By Giovanni Giannoni

Launch Slideshow 2 images

WHITE KNIGHT?: A Christian Lacroix spokeswoman declined comment Monday on reports that turnaround firm Bernard Krief Consultants plans to bid for the troubled couture house, which is in administration. Hailing Lacroix as part of France’s cultural heritage, Krief said it was the sole contender and would table its offer July 27. Lacroix’s owner, Florida’s Falic Group, plans to seek a buyer until the end of July, or activate a restructuring plan that could see the workforce cut to 12 from 124, effectively reducing the 22-year-old fashion house to a licensing operation. Recently, Krief was among bidders for bankrupt fast-fashion chain Morgan, and it bought the troubled textile firm DMC out of administration.

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