The Christian Lacroix couture show walks tomorrow in Paris, but things are not looking good for the house, which filed for bankruptcy in May. WWD reports employees were told Friday that the workforce could be cut from 124 to 12. This would effectively reduce the house to a licensing operation. Lacroix could survive if a buyer swoops in and rescues it. So all those clients waiting on couture orders might not get their clothes. Certainly a billionaire with a zoo in their backyard must be interested in throwing some money at Lacroix. Or maybe Julian Schnabel can invest after he sells the Palazzo Chupi. He may as well start wooing the couture clients now that they’re likely to have all this extra cash lying around.
Crunch Time at Lacroix [WWD]