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Investors Potentially to Revive Christian Lacroix

Will Lacroix Be Saved?

Christian Lacroix showed his last couture collection in Paris today . . . or did he? Last Friday, employees were informed of a potential restructuring plan which would cut the workforce from 124 to 12. But now, Lacroix’s chief executive officer, Nicolas Topiol, said that letters of intent will be sent and offers from buyers will be accepted until the end of July. "The alternative is a liquidation, and that’s what nobody wants."

In the meantime, today's show at Arts Decoratifs was on a strict budget. In fact, it is being said that since models in France must be paid by law, Lacroix himself, as well as others, paid them from their own pockets. The fate of Christian Lacroix remains to be seen, but let's hope it doesn't end in bankruptcy.

Source: Getty
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