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Christian LaCroix Fails to Find Buyer Secures Licensing Deal 2009-12-01 06:50:51

Fab Flash: Christian Lacroix Fails To Find Buyer

Back in May, news broke that French couture house Christian Lacroix had filed for bankruptcy and now, more than six months later, it has still failed to find a buyer. Lacroix and it's existing owner the Falic group have been in court today in attempt to rescue the company from administration. The court approved a restructuring plan which will see the workforce cut from 110 to just ten. This will mean an end to its high-fashion, ready-to-wear and retail operations. The new licensing agreement will include men's tailoring, knitwear and shirts as well as wedding dresses and perfume.

Image Source: Getty
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