After falling into the global crises, French fashion King Christian Lacroix has promised to fight for the maintenance of his impressive fashion design house.
The designer has said "I don’t know what tomorrow will be made of, if indeed there is a tomorrow, but I will do everything to ensure we remain a couture house 200 percent, and to safeguard a knowhow without which the lungs and heart of this house would not exist."
Celebrated for his enthusiastic envelops of lace and embroidery, and patchworks of fabrics in effervescent colors, Lacroix beat the catwalks about 20 years ago with remarkable classic designs encouraged by the costumes of his native Arles in the south of France, and the Camargue, with its gypsies and bullfighters.
After the 2005 takeover, the corporation commenced a motivated and expensive reform plan to relocate the brand contribution to advanced end anthology, including the opening of two US stores, one in Las Vegas and the other one in the New York.
According to the company, unluckily, this enduring plan for relocating of the brand was spectacularly slowed down by the existing and continuing world financial and economic catastrophe which harshly hit the magnificence zone.
He said he has been designing free for the last few months and that Christian Lacroix SNC allocated him 1.2 million Euros. He also criticized the "shareholders’ eccentric management," later in the note dubbing it "catastrophic."
Obtained from the world’s leading lavish gigantic LVMH in 2005 by US duty free, Christian Lacroix SNC expressed that it was acknowledged as collapse almost before a Paris court: due to "the sharp downturn of the luxury market."
The corporation has cased a deliberate appeal with the Tribunal ‘de Commerce de Paris’ to put itself under the security of the court but it aims to attend a ‘continuation plan’ and to preserve its business operations throughout the proceedings. Before that declaring ruin is a first step towards bankruptcy defense.
On the other hand, company’s spokesperson alleged the court would bequeath a conclusion in a week; but Lacroix, 58, was seems to be inaccessible for comment.