Christian Lacroix teetering?

Christian Lacroix teetering?

A Christian Lacroix spokeswoman declined comment Monday on reports that turnaround firm Bernard Krief Consultants plans to bid for the troubled couture house, which is in administration. Hailing Lacroix as part of France’s cultural heritage, Krief said it was the sole contender and would table its offer July 27. Lacroix’s owner, Florida’s Falic Group, plans to seek a buyer until the end of July, or activate a restructuring plan that could see the workforce cut to 12 from 124, effectively reducing the 22-year-old fashion house to a licensing operation. Recently, Krief was among bidders for bankrupt fast-fashion chain Morgan, and it bought the troubled textile firm DMC out of administration.

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