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Lacroix in administration

French couture house Christian Lacroix was placed into administration yesterday.

The commercial court in Paris placed Christian Lacroix into administration for a period of six months yesterday.

It remains unclear whether the couture house will show at the next Haute Couture fashion week in Paris which takes place July 6-9.

Last week Christian Lacroix said it planned to file for bankruptcy protection after it was hit by falling sales.

Christian Lacroix himself, who set up the label in 1987, is reported to have said he will give “200%” to keep the fashion house running. Reports suggest that the designer is owed around €1.2 million (£1m) by the company.

Christian Lacroix is owned by Falic Group, which bought the label from LVMH in 2005.

 

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