Christian Lacroix needs a whopping great investment to keep it going otherwise it's going to be pared down to a skelton staff to manage licenscing. The most interested buyer, Ajman sheikh Hassan Bin Ali al-Nuaimi of the UAE, failed to submit the necessary documentation on time so it looks like the house will be shut down. But wait, the French government are stepping in!
According to The Cut the French Industry Minister Christian Estrosi is on the case. He's using France's diplomats in the UAE to chase up the sheikh.
As The Cut puts it 'Dubai's in the hole, but a legendary couturier needs saving. Priorities, please.'
It appears France will bail out the couture industry as well as the banks.
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