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>> Christian Lacroix Will Keep Couture Line If Berlotti Wins Bid —On Monday, Christian Lacroix submitted a joint bid with Italian retailer Berlotti to acquire the Lacroix label; it was deemed most "serious" out of those received. Although the question of Lacroix's future as a couture-based business remains in the balance until September when a decision is made, Lacroix says the Borletti proposal would keep the couture and licensing business, but also would look to develop a luxury ready-to-wear line. He also added that if the bid is successful, he would become a shareholder in the company. [WWD]
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- Source: Courtesy of Getty and AnOtherMag
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