The End For Christian Lacroix?

BATD ON Dec 03, 2009 AT 9:11 am

Christian Lacroix

Christian Lacroix

It’s been a difficult few months for Christian Lacroix after filing for bankruptcy, now we hear that it finally could be over for the French label. A French court ruled yesterday that a new plan proposed by the Falic group – current owners of the luxury label – will go ahead, cutting 120 staff down to a dozen. The brand will now operate solely as a licensing company, meaning Christian Lacroix will be unable to continue in its couture fashion field.

Lacroix is devastated by the news saying, “This is the most awful decision possible and I’m speechless with anger. I’ll do my best to find a way of battling. But it seems no one is interested in the future of Lacroix in such a cynical world where the word ‘fashion’ doesn’t have the same meaning as mine. My duty has to be struggling against the Falics . . . against this decision and against the state, who did nothing in fact.”

According to sources the Falic group are still on the lookout for a buyer, and plans to re-launch Lacroix’s accessories line under license.

Yet another fashion casualty of the current economic climate here’s hoping the French fashion house has enough sparkle to carry on shining.

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