In the past few days the fashion press has been rife with speculation that French fashion house Christian Lacroix may be saved from bankruptcy.
The label, which is known for its over the top couture, entered administration last month. However, it is rumoured to have received a bail-out bid by restructuring firm Bernard Krief Consultants, Vogue.com reported on Tuesday.
Christian Lacroix showed a reduced collection at Paris Couture Week earlier this month and - if the buy-out fails - Lacroix’s workforce of 124 artisans could be slashed to just 12, Drapers Online reports.
Bernard Krief Consultants - who attempted to purchase French fashion group Morgan when it entered administration - is expected to table its formal bid for Lacroix in a week's time.
