Headlines

Christian Lacroix Has Potential Buyer

Gulf investor makes bid for troubled fashion house

Published

15 years ago

October 8, 2009

VMSD Staff

Christian Lacroix (Paris) has received a bid from investor Hassan bin Ali al-Nuaimi, a nephew of the ruler of Ajman, part of the United Arab Emirates, for the French fashion house. Lacroix filed for bankruptcy protection in May.

Through the proposed deal, the designer would become a minority shareholder in the company, which was once part of the luxury good group LVMH and now belongs to the Falic family, which owns U.S. retail group Duty Free Americas.

According to Women’s Wear Daily, Al Nuaimi plans to continue the couture operations of Lacroix and to reinforce its luxury brand position. A French court is set to decide on the future of the fashion house by the end of the month.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design