Christian Lacroix Bankruptcy queen to wear clothes without worry

The company worked LVMH’s brands, was founded in 1987, the founder of Lacroix, and Bernard Arnault, in 1995, sold to Florida’s Falic Group (the United States duty-free stores Duty Free Americas). Simon Falic Chairman of the Group during the acquisition, said: “We believe that well positioned. In this brand where to vote so much money, but also in the fashion industry, Mr. Lacroix is also highly respected people. I believe we can be in the five years Let sales doubled, and perhaps do not have five years. ”

The world’s luxury report [luxury.icxo.com] by virtue of the production of first-class ladies in Paris, the reputation of the company directly into the luxury market, did not like the middle of the road to leave room for customers. Lacroix CEO Nicolas Topiol, said: “Since the acquisition of Christian Lacroix SNC, we have been dedicated to brand development and high-end technology. We will continue this line, but the luxury market, the sharp decline in revenue caused to our a huge impact. ”
The company is committed to continue to produce high-level customization and clothing series, but in July also released a small series of high-level customization. Lacroix does not look promising. 2009 Fall series of sales of apparel dropped 35%, a loss of 14 million U.S. dollars in 2008, while overall income will be about 42 million U.S. dollars. Still can not investors and financial partners, to strengthen corporate power. Topiol also said in a statement: “This process, in the final stage, a direct hit by the financial markets, strikes, could not be completed prior to the filing.”
In addition to fashion, Christian Lacroix is also involved in other projects, including the French TGV decoration, hotel interior and Air France uniforms. Whether the company will continue to do these projects is unknown.

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