French fashion house Christian Lacroix was finally placed under administration this week after filing for bankruptcy protection last week. The global financial crisis hits again!
But Christian himself feels confident that his house will remain open and operating. He wrote a letter to his staff - "I don't know what tomorrow will be made of, if indeed there is a tomorrow, but I will do everything to ensure we remain a couture house 200 percent."
Christian was always one of those mega high end fashion brands that made luxury priced clothes that always looked highly disposable. I never bought any Lacroix but it always struck me as the kind of attire that you definitely could not wear season after season after season. It always was too quirky, too now, too in-your-face for sustainability.
Perhaps in these times, when people are prepared to fork out for luxury brands, the 'of the moment' feel of most Lacroix outfits just made them fall right off the shopping list?
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