Pass the Kleenex, pronto: the house of Christian Lacroix has been hit by the wrecking ball, with the legendary empire being completely stripped down to include only accessories and perfume. After a steady downward spiral, the French fashion house has been assigned a turnaround plan by Paris’s commercial court and will be forced to close [...]

The circle of life runs round again, and while on one hand we’re excited by all of fashion’s new kids on the block, we’re also sad to see the probable end of the fashion greats like the house of Christian Lacroix. Lacroix is another designer who has had to declare insolvency in response to the [...]