Thursday, May 28, 2009

Fashion Tragedy: Christian Lacroix Bankrupt?

The economic recession has taken another victim. French fashion house, Christian Lacroix, announced its filing for bankruptcy today. Established in 1989, the luxury brand operated independently. And with the recent lack in luxury good revenue, CL was unable to stay afloat. The house had one of the most dynamic showings; during this year's Paris Haute Couture shows (check it NoirLace's post "Killa Kill @ Lacroix"). It's truly a sad day, in the world of fashion. :-(