May 28th, 2009
Fashion News
Christian Lacroix Files for Bankruptcy
By Claire

The global financial crisis has claimed its latest fashion victim: Couturier Christian Lacroix:

Christian Lacroix

In a New York Times/International Herald Tribune articles Suzy Menkes writes, “Despite years of critical success, the company failed to break even, let alone turn a profit….The loss of Christian Lacroix to Paris haute couture is immeasurable. Although the designer hopes to hold a small presentation during the July couture season, this was the last house established under the formal couture rules. Even a restructuring would likely have severe implications on his 125-member staff.”
Wow is any fashion house thriving in this recession? I honestly wonder how Sean Jean and Baby Phat are doing…I know they’re not haute couture (duh), but it’d be interesting to see how celebrity fueled ‘street’ brands are faring vs. haute couture.
If you like, read more about Christian Lacroix here.

Christian Lacroix

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11 comments

11 Responses to “Christian Lacroix Files for Bankruptcy”

  1. sun.kissed says:

    Damn!

  2. lykia says:

    so does that mean there stuff is going to be on sale or something?

  3. Alicia R. says:

    I can’t beleive it! How sad for all the employees… I hope they can bounce back.

  4. Songine' says:

    :o that is crazyyyy! how can christian lacroix go bankrupt?!

  5. Bonifant says:

    This is not really aimed at Lacroix and I do feel for the employees but I really feel some of these designers price exorbitantly simply because they can 200 bucks for a t-shirt Alexander Wang? (and I love him) and the examples go on. Its smart business to mix quality and pricepoint.

  6. @Bonifant its very cruel out there, but it’s almost bittersweet…
    Maybe new haute couture will arise, or maybe the elite consumers are saying “it’s supply and demand”

  7. Stacked says:

    Wow…Lacroix! Who would have thought?

  8. Yo says:

    It’s sad, but it’s a sign of the times (not just financial). Fashion is becoming more democratic, even the super rich are shopping at H&M. Makes me wonder how long the gilded fashion world will last. That article said that everyone–Versace, etc, was suffering. You wouldn’t tell from the looks of the pictures from parties and events. Besides PPle don’t buy these clothes, they buy the shoes or bag, but not the clothes. Spelled the end for Lacroix, unfortunately. You must keep changing to stay relevant. Look at Diddy.

  9. AD says:

    This is what happens when you don’t make clothes that people want, or can afford.

  10. Pablo says:

    Wrong!!! This happens because people is just ignorant and uncapable to understand a brilliant mind. Those creations are works of art and the price is nothing compared to their real creative value.

    I still get over it.
    This is so sad :(

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