Bankruptcy: it's affecting everyone, even Christian Lacroix.
The French fashion house was loved by the characters in Absolutely Fabulous because of the extravagance exhibited by the Christian Lacroix image, but things are changing fast.
LaCroix is owned by the Falic Group and employs 125 people. The super luxury market has contracted just enough that it is putting the squeeze on haute couture houses that don’t have deep pockets. Major retailers like Neiman Marcus and Saks reduced future orders and sales for summerwear from Christian LaCroix by about 35%.
5,228 clicks in 269 w
More Stats +/-
Gothic Beautiful Couture
Outrageous Feminine Neckwear
Technicolor Parisian Fashion
Haute Couture Sneakers
Poor Economy Crunches Fashion Icon Christian LaCroix
By: Going Like Sixty - Published: May 29, 2009 • References: business.timesonline