Questioning Lacroix’s future, Upscale shoppers return, Italians online, Burani settles debt, Chinese in London

Christian Lacroix Autumn/Winter 08/09 | Source: Christian Lacroix

Christian Lacroix Autumn/Winter 08/09 | Source: Christian Lacroix

No firm buyer seen for Christian Lacroix fashion house (AFP)
“The outlook for beleaguered French couture house Christian Lacroix looked bleak at the weekend after potential buyers let a deadline pass to deposit cheques ahead of Tuesday’s bankruptcy court hearing.”

Upscale Retailers May Get Lift from High-Income Shoppers (USA Today)
“The holiday shopping season may just prove a little merrier than expected. Investors are betting that upscale shoppers will open their wallets this Christmas season after pinching pennies a year ago.”

Armani, Cavalli Target Online Shoppers to Boost Holiday Sales (Bloomberg)
“Italian fashion houses including Giorgio Armani SpA and Valentino Fashion Group SpA, which have traditionally spurned the Internet, are testing Web stores this holiday season in a quest for new sources of revenue.”

Mariella Burani sees agreement with banks on debt (Reuters)
“Italy’s Mariella Burani Fashion Group expects to reach a broad agreement with banks on its debt by the middle of next month with a formal deal seen by the end of the year, Chief Executive Gabriele Fontanesi said.”

Chinese big spenders have London’s luxury goods in their sights (Times)
“Four years after Britain was granted ‘approved destinations status’ by the Chinese Government, its newly affluent elite has already eclipsed the Americans and is challenging Middle Eastern and Russian tourists for the title of London’s most eager consumers.”