Sunday, May 31, 2009


is this the gec coming into action?

22 year-old couture label christian lacroix has gone to the wall, filing for bankruptcy in paris with losses of 10 million euros and a shrunken revenue of 30 million euros.

in a letter to his 125 staff, lacroix wrote that he will give "200 percent" to keep the 22-year-old couture house in one piece, to "preserve the know-how, without which the lungs and the heart of the house couldn't exist."

investors will determine whether we will see further collections on the catwalk...

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