Christian Lacroix Haute Couture House Folds
One of a handful of true haute couture houses left in the world, Christian Lacroix has been ordered today to close its custom dressmaking business in a restructuring plan. After 22 years of high profile business, an icon of the fashion world, the label was still unable to turn a profit. In 2008 the company rang up $45 million in sales, but lost $13.6 million. The company is now stripped down to 11 employees.
It is a sad time for the fashion industry, but one we could see coming. Gilles Montezin trained at the house of Lacroix and we discussed the imminent demise of haute couture this summer. Please click here to read the thoughts of this immensely talented artist and his views on where couture fashion is headed.
Lacroix will still operate licensed lines.
It was a beautiful time, and it was your time Mr. Lacroix! Do not let this keep you down for long.
Christian Lacroix couture ordered to close today; company stripped to 11 employees: http://bit.ly/5SHBdq
Christian Lacroix couture ordered to close today; company stripped to 11 employees: http://bit.ly/5SHBdq