The global economy crisis has reached the fashion industries. In fact, many world fashion labels are unstable and going to be bankrupt. One of them is French Fashion House Christian LaCroix.
This fashion house has planned to ask for protection from the Court in case of bank liquidation. Creditors are now cornering Lacroix to pay off debts, with the house being in a position in which it obviously cannot do that, so it is taking the matter to court in the hope a judge will give it the right to continue operations.
Christian LaCroix is a smart, talented and creative designer. He founded his company in 1987. For over 22 years, the fashion house still exists among its competition to many other popular brands. Moreover, Christian LaCroix has been in top of his popularity during 1990’s.
Christian Lacroix, although not making a profit from the amazing creations it puts out, has always been a favorite with celebrities, from Christina Aguilera to Helen Mirren and Nicole Kidman. Still, it is not the only one to take a hit because of the recession: the Italian fashion industry has long applied for government assistance, while renowned jewelry brand Bvlgari has registered its first quarterly loss in a decade, reports in the US media have it.
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