Financial Times FT.com

Lacroix hopes for chevalier blanc

By Scheherazade Daneshkhu in Paris

Published: July 22 2009 22:20 | Last updated: July 22 2009 22:20

Christian Lacroix, the French fashion house which is on the brink of financial collapse, will next week receive an offer from a Paris-based turnround firm which says it aims to save an icon of France’s cultural heritage.

Bernard Krief Consulting, a privately held investment business, said it would lodge its bid for Christian Lacroix on Monday, the deadline for offers for the company which is in administration after filing for protection against creditors in May.

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