Free Trend Report Free 2019 Report & eBook

Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book. Our Research Methodology

This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.

Poor Economy Crunches Fashion Icon Christian LaCroix

 - May 29, 2009
References: business.timesonline
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%.