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Two More Investors Offer to Bail Out Lacroix

The man of many suitors.

New developments in the ongoing mission to rescue Christian Lacroix: The cash-strapped couture house has received two new takeover proposals. Though the suitors haven't been identified, they're said to have "financial means" (which, in this case, would mean 40 to 60 million euros over the next few years). The Paris court is scheduled to rule on the offers within the next couple of weeks, including the previous joint bid Lacroix submitted with Italy’s Borletti Group in July. We're encouraged — given the label's financially shaky history (and revolving door of presidents), it can't hurt to have options. [WWD]

Photo: Getty

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Copyright © 2013, New York Media LLC.
All Rights Reserved.

Copyright © 2013, New York Media LLC. All Rights Reserved.

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