The luxury world is in shock after the Paris Commercial Court approved a plan to convert Christian Lacroix into a licensing operation.
As we said earlier in the week (see December 1st), this would mean the end of Lacroix’s couture and prêt-à-porter lines and the axing of almost all jobs.
But, according to WWD Fashion, there is a glimmer of hope. Nicolas Topiol, C.E.O of Lacroix, said the Falic Group would continue to negotiate with prospective buyers even though the court-observed administration period has ended.
Topiol said, “I am working on finding a solution for the company. Everything is still possible.”
You can also read more on this development in the Financial Times.