Wednesday, 29 July 2009

lacroix lives!! - part II

"we have made an offer this morning (monday) before 10:00am.... it is only symbolic really." 
- louis petiet, head of bernard krief consultants told reuters about their bid of "not even" a few million euros for the couture house

sketch by christian lacroix for desdemona's costume in othello

in 2008, the company made a loss of eur10 million on revenues of eur30 million while orders for ss09 prêt-à-porter were down 35 percent, but there may be hope yet.  monday was the deadline for offers for the ailing label which will be evaluated in a court in september.  on the table at the moment are:
1. the borletti group (owner of la rinascente and printemps) - being considered as "serious"
2. bernard krief consultants (french management consultancy) - deemed "unsatisfactory"
3. two more bids of eur1 each - "rejected"
the final option is that of the falic group's aggressive restructuring plan which will see 90 percent of the house's workforce cut.

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