The three bidders are former Balmain Chief Executive Emmanuel Diemoz; a Paris-based family operating in the real estate and medical sectors; and a Chinese investor.

The outgoing Sonia Rykiel designer is selling the 20-style range via her own e-commerce site and MatchesFashion.com.

Following the death of Karl Lagerfeld, Chanel named former studio director Virginie Viard his successor in a bid for continuity. But the world’s most popular luxury megabrand may need to disrupt itself to stay on top.

The ailing French fashion brand has been granted two-months of protection by a French commercial court after filing for Chapter 7 bankruptcy in the US on April 16.

The new rules for retail are on full display at Hudson Yards. But will fine dining, expensive public art and luxury concept stores be enough to stave off the brick-and-mortar retail apocalypse?

The designer, whose exit was announced on Monday, said that owners First Heritage Brands are in breach of contract. A representative for the company said she resigned.

This week, Ralph & Russo names Helen David as chief growth officer, while Sonia Rykiel creative director departs.

The industry remembers the beloved designer, whose death was announced on Tuesday morning.