This was one piece of news I certainly wasn’t expecting this morning; one of the world’s most revered couturier houses, Christian Lacroix, has filed for bankruptcy protection.

Apparently CL’s doom was being written as early as 1990, when its failed fragrance ‘C’est La Vie’ was launched.  Bad business decisions coupled with a focus on elite couture seems to catapult the brand to its demise.

I wonder whom (if any) will snatch up the Lacroix brand when it comes upon the auction block?

This will undoubtedly affect the type of design seen from the house.  One can expect that Lacroix will take practical wardrobe to the lengths that he took his collections of fantasy, though I’m unsure of how a designer rooted in such impractical pieces can successfully make this transition.