Borletti Group Puts in Serious Bid to Save Christian Lacroix

There might be light at the end of the tunnel for Christian Lacroix. After accumulating over 14 million dollars in losses and nearly facing liquidation, the fashion house received a serious bid from Italy’s Borletti Group. Borletti is the owner of La Rinascente, Italy’s largest department store chain, and French department stores Printemps. Details are under wraps but we do know that a court ruling will be held in September to review the offer. Let's cross our fingers for Lacroix . . .