Three bids have been received for ailing luxury fashion house Christian Lacroix, which went into administration last month, according to its official receiver.

One of the bids comes from Italian group Borletti, in association with Christian Lacroix himself.

Borletti is behind Italian department store chain La Rinascente and also owns French counterpart Printemps with partner Deutsche Bank. 

The Borletti bid is described by the receiver as "a preliminary offer, to which the finishing touches are required" [by the end of August], but an "attractive" one.

As expected, another bid has come from rescue company specialist, Bernard Krief Consulting (BKC) but this is described by the receiver as "unsatisfactory from both a financial and employment point of view."   

A third offer has been submitted by two unspecified parties for a one Euro sum and judged to be "inconsistent" while a fourth candidate, whose identity has not been disclosed, has pulled out.

By Stuart Todd.