Lacroix Goes Under

Vogue.com: As reports suggested was imminent yesterday(read the full story here) a commercial court in Paris has ruled that Christian Lacroix's couture business has been reduced to a licensing operation, after attempts to find a buyer failed.

Interested parties have been unable to provide evidence over the past few months that their relaunch plans for the label have sufficient financial grounding, resulting in the reduction of the company and the loss of more than 100 jobs. Read the full story at Vogue.com.

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