Text size:

  • Small
  • Normal
  • Large
Emirates Airline was named in the top 10 first class cabins by therichest.com. Find out what position it came here.
French designer Christian Lacroix acknowledges the audience at the finale of his 2009/2010 Autumn-Winter Haute Couture collection show in Paris in July 2009.
French designer Christian Lacroix acknowledges the audience at the finale of his 2009/2010 Autumn-Winter Haute Couture collection show in Paris in July 2009.

Ajman sheikh set to buy Christian Lacroix

The ruling family of Ajman is likely to enter the world of haute couture after making a ?70 million takeover bid for Christian Lacroix.

The ruling family of Ajman is likely to enter the world of haute couture after making a ?70 million (Dh375m) takeover bid for the ailing French fashion house Christian Lacroix, which filed for bankruptcy protection in June. Regis Valliot, the company's court-appointed administrator, told Agence France Presse that the offer - by Sheikh Hassan bin Ali, a nephew of Humaid bin Rashid, the Ruler of Ajman - would be "formalised" within 48 hours. "It is the fantastic solution we dared not hope for," said Mr Valliot. Luca Solca, a luxury analyst at Bernstein Research in London, called the offer ambitious. "It is difficult to be successful with a really small brand like Christian Lacroix and one not at the top of customers' minds," Mr Solca said. The Christian Lacroix company was set up by Bernard Arnault, the chief executive of the luxury retail giant LVMH, in 1987. But after years of losses, LVMH sold the company to the US duty free giant Falic in 2005. fglover@thenational.ae * With additional reporting by Armina Ligaya and Agence France Presse

Back to the top

More articles


Editor's Picks

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Miele coffee maker making Cappuccino at Miele Gallery in Sama Tower in Dubai. The cost of this coffee maker is around Dh 17,000. Pawan Singh / The National

Space-age coffee comes at a price from Miele

Miele have taken the coffee machine to a new level with its Dh17,000 offering that is built into your kitchen.

 The bridge of Seajacks Hydra, as the wind farm installation vessel undergoes finishing touches and testing works at Lamprell’s Hamriyah facility in Sharjah before its planned delivery on June 2, 2014. Jeffrey E Biteng / The National

In pictures: Building the Seajacks Hydra

The Seajacks Hydra, a wind farm installation vessel, is undergoing finishing touches and testing works at Lamprell’s Hamriyah facility in Sharjah before its planned delivery on June 2, 2014.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 The rush of new supply of hotel rooms pushed Dubai occupancy rates down to 87 per cent. Sarah Dea / The National

Dubai hotel room rates rise 10 per cent

The rush of new supply pushed occupancy rates down to 87 per cent, a dip of 2.6 per cent from the previous year. Winter months are the strongest for Dubai hotels, with occupancy and prices falling to half their peaks by July.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National