Lacroix’s Purchased Almost Complete DESIGNER, MAIN 10.12.09Written By Ben

Last Thursday, It was announced that that Christian Lacroix’s purchase was almost finalized. Lacroix will be bought by the United Arab Emirates Sheikh Hassan Ben Ali al-Naimi. Don’t worry, designer Christian Lacroix will be calling the shots ” in partnership” with Hassan Ben Ali.

The proposal dictates that the Sheikh will take on the house’s debt. This means that many jobs will be saved, the couture division will continue running, and designer Lacroix will be a minority shareholder. The proposal just needs to be finalized, and judicial administrator Regis Valliot stated that, “it fulfills perfectly all necessary criteria.”

source.reuters