Tata Lacroix?

In the current economic climate, businesses are struggling and the fashion industry is no exception. With recent news of Kookai and Cactus Jam struggling financially here in Australia, a much bigger name seems to be in trouble in Paris.

It has been reported that Christian Lacroix recently filed a petition for protection from creditors. At this point in time, a few possibilities could result from this:
1) Restructuring
2) Liquidation
3) Sale of the company

Extravagant Lacroix designs

His designs are known to be a mixture of everything - styles, texture and color. Sometimes you can almost say you know a Lacriox when you see it because of the crazy combinations (well I think so anyway).

The show may (or may not) go on for the Lacroix Cruise 2010 and Fall 2009 couture lines at this stage. But it was evident that the Fall 2009 show was put together on a tight budget being held at a garage and with broken mirrors used as decor.

The company's CEO Nicolas Topiol says that the filing "doesn't mean the end of the story. It's the beginning of another chapter". So maybe it's not Au Revoir just yet...