Friday, October 9, 2009
Christian Lacroix rescued by sheik of Ajman
Christian Lacroix is understood to have been rescued from administration by Al Hassan Bin Al Nuaimi.
US owner the Falic Group, which bought Lacroix from LVMH in 2005, has concluded a deal to sell the French couture house to Al Nuaimi, the sheik of Ajman, according to Womenswear Daily.
It is understood that Al Nuaimi plans to continue the couture operations of Lacroix and to reinforce its luxury brand position.
Christian Lacroix went into administration in June after the label was hit by falling
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