Christian LaCroix Fails to Find Buyer Secures Licensing Deal 2009-12-01 06:50:51

Back in May, news broke that French couture house Christian Lacroix had filed for bankruptcy and now, more than six months later, it has still failed to find a buyer. Lacroix and it's existing owner the Falic group have been in court today in attempt to rescue the company from administration. The court approved a restructuring plan which will see the workforce cut from 110 to just ten. This will mean an end to its high-fashion, ready-to-wear and retail operations. The new licensing agreement will include men's tailoring, knitwear and shirts as well as wedding dresses and perfume.