Curtains For Christian Lacroix?

by Gabrielle Hennessey

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 ailing financial market, and although a few buyers (like Emirati Sheikh Hassan Ben Ali al-Naimi) have stepped forward, the fate of the fashion house still teeters on shaky ground.  The French tribunal responsible for the case was unable to resolve anything today, declaring a new hearing date on 1 December.

Although the Rococo decadence of Lacroix is out-of-keeping with the more pared-down conservatism brought on by the recession, we still love the house’s colorful optimism which adds some much-needed brightness to an otherwise gray runway season.

Read the full story {AFP}

November 17, 2009

More: Bankruptcy • Bernard Krief Consulting • Borletti • Christian Lacroix • economy • Fashion News • finance • LVHM • Newsflash • Sheikh Hassan Ben Ali al-Naimi

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