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January 7, 2005
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| Jennifer Lopez |
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Luxury goods powerhouse LVMH Moet Hennessy Louis Vuitton SA is reportedly negotiating the sale of its Christian Lacroix fashion house to a U.S. consortium according to a person close to the talks. The Le Nouvel Observateur newspaper reported on LVMH plans to sell the unprofitable fashion brand to Florida-based Falic Group, which has interests in the fashion, luxury goods and duty-free retailing sectors. Lacroix had never achieved sustained profitability since its founding in 1987 for LVMH and is seen as having limited potential within the group. Lacroix would continue to produce products under that name. LVMH spokeswoman Florence Scheller declined to comment.
- More via Mercury News
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