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Daily News – July 28, 2009

July 28, 2009

The New York Times is reporting today that the Borletti family are the current front runners to acquire Christian Lacroix, the French fashion house that sought protection from creditors in May. The article went on to quote Frédéric Mitterrand, the French culture minister, as hoping to find a way to keep the house afloat, as its loss would be “a cultural disaster.” The Globe and Mail, and Wall Street Journal both are covering the story, with the latter focused on the cultural impact in France of the brand, and it’s suffering.

A model showing Christian Lacroix

A model showing Christian Lacroix

Bloomberg is reporting consumer confidence is down for the second month in a row for July. WWD is reportingthat the industry is at its lowest number of mergers and acquisitions in the last 9 years.

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