Lacroix bankrupt

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The famed Christian Lacroix fashion house filed for bankruptcy in Paris. Despite plans to continue operations, the company was unprofitable for years. Sales were down roughly 35 percent at Lacroix's two US stores.

The article linked above notes that Lacroix was the last formally established couturier, and that its loss is "immeasurable."

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on May 28, 2009 10:22 AM.

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