Christian Lacroix Faces Bankruptcy
Filed under: Style in the News
Christian Lacroix in a Sea of Models at Paris Fashion Week Haute Couture S/S 2009. Photo: Eric Ryan, Getty Images
Lacroix's CEO said the company's sales dropped 35 percent for the fall/winter season, and WWD infers that trouble was looming when its most recent runway show took place in a Parisian parking garage.
Christian Lacroix intended to spend his life in a museum, studying to be a curator. His wife's influence directed him to the fashion world, where he hit his design stride in the 1980s -- some credit the him with reviving the couture market.
Unfortunately, this appears to be just the beginning. High-end houses are feeling the pain globally. Many American designers scaled back from costly runways shows to low-key presentations for Fashion Week last February. In addition, a portion of Roberto Cavalli's empire is crumbling: Italian manufacturing company Ittierre, Just Cavalli's licensee, also filed for legal protection from creditors in February.
We're pulling for Lacroix and his whimsical wears.
For those of you who believe that sports and fashion go hand in hand, 




