2009 July 7
Lacroix to Givenchy!
(PARIS) Christian Lacroix, is that you? Only an hour after the conclusion of what is widely believed to be his last couture collection, the affable designer descended to the 15eme arrondissement to take in the Givenchy show. As we type, he is backstage greeting designer Riccardo Tisci (among others). It is widely known that the house of Lacroix, which is currently owned by Florida-based Falic Group, is saddled with debt and accepting buyout offers. The company was previously owned by LVMH, parent company of Givenchy, from 1987 to 1995. Lacroix employees were informed late last week of a restructuring plan that would cut the workforce to 124 to only 12. Such a change would effectively turn the company from a ready-to-wear and couture house to simply a licensing operation, existing only to fulfill its pacts with the likes of menswear, wedding dress, and fragrance companies Sadev, Rousseau, Rosa Clara, Mantero, and Inter Parfums SA. The only way to preserve the iconic fashion brand? Finding a buyer.
After seeing Lacroix posing for several photos with Delphine Arnault, The Daily speculates...is the designer contemplating a renewed relationship with Arnault and Co.?
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