Christian Lacroix might be facing bankruptcy, but don't think for a moment that it's over for the designer. WWD obtained a few excerpts from a letter Lacroix wrote to the company's 125 employees, which makes it very clear that he'll do everything he can to keep the fashion house up and running.

According to WWD, the company owes a number of parties, and Lacroix himself is owed around $1.7 million. He said he's been designing collections "free of charge" for months now. (Normally, he contracts himself through XCLX, a company he owns which is also reported to be at risk of filing for bankruptcy.) He's vowed to give "200 percent" to "preserve the know-how, without which the lungs and heart of the house couldn't exist."

Is this the beginning of the end of high-end fashion houses? We certainly hope not! If all designers show as much resolve as Lacroix, our fingers are crossed that we'll get our couture fix for years to come.