Christian Lacroix’s House To Close Down DESIGNER, FINANCIAL, MAIN 12.02.09Written By Ben

After the Ajman Sheikh failed to rescue the Lacroix label, a French court agreed on a restructuring plan. This means that Christian Lacroix’s couture, ready-to-wear, and retail operations will have to be shut down.

The good news (if any) is that the label will be involved with licensing deals, including haute couture. Who knows, but the Sheikh’s deal could still go through because talks are in the process with potential buyers.

Source: Reuters