French Company Might Free Christian Lacroix from Its Miami Owners

In France, major fashion houses and their designers are seen as cultural icons. When Yves Saint Laurent died last year, the national outpouring of grief was compared to what might happen in this country when a figure like Bob Dylan passes on. 

Christian Lacroix -- in this case the company, not the designer -- is on life support, or to put it less melodramatically, in bankruptcy. The label has never turned a profit, but under the ownership of LVMH was able to survive with the losses offset by the conglomerate's other brands such as Louis Vuitton, Belvedere Vodka, Hennessy Cognac, and Marc Jacobs.

Then, in 2005, the company was sold to the Falic Group, a Miami firm that specializes in duty-free shops. The three Falic brothers who own it had hoped to make the company profitable, but that never panned out. If a buyer doesn't come forward, they reportedly plan to gut the company and reorganize it as a licensing agency -- basically slapping the Lacroix name on products made by others. 

Well, according to Women's Wear Daily, a buyer might come through. Bernard Krief Consultants plans to bid, citing the label's importance to France's cultural heritage. 

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


All-access pass to the top stories, events and offers around town.

  • Top Stories


All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >