By  on November 17, 2009

PARIS — The Ajman sheikh who seemed poised to rescue couturier Christian Lacroix from bankruptcy did not submit financing guarantees ahead of a crucial hearing at the commercial court here Tuesday.

The question mark hanging over the sheikh’s means — and the withdrawal of another potential suitor, Financière Saint-Germain — seemed to narrow options for the troubled fashion house and its acclaimed designer. Italy’s Borletti Group, parent of Printemps and La Rinascente department stores, already withdrew from the process in September.

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