His presence was sadly missed on this week's Paris Fashion Week schedule, but the Paris couture house and ready-to-wear label that has filled for bankruptcy has no staff to produce a collection at the moment.
That could all be set to change as an offer to buy the company has been made by Al Hassan Bin Ali Al Nuaimi. The Ajman sheikh will pass ownership to a nephew of the ruling emir of Ajman if his bid is successful - which today looks likely.
According to WWD, Al Nuaimi could be prepared to invest up to 100 million Euros, ' to provide the capital needed to develop the business and bolster Lacroixs positioning'.
A final decision about the sale will be made by French courts by 20th October.
In related news, this morning WWD has confirmed that Yohji Yamamoto Inc. has filed for bankruptcy protection while the company restructures it's finances. A press conference is scheduled for later today in Tokyo.More