It's a sad, sad moment for all lovers of fine couture! Beloved designer to the stars, Mr Christian Lacroix has apparently filed for bankruptcy! Some call it the end of an era, however those in this know have seen this coming for some time. According to the Wall Street Journal, Lacroix posted a loss of over $14 million in the last financial year!
Is another piece of fashion history leaving us? Not if a buyer steps in and saves the day! Patsy and Eddie - where are you now?
On an interesting note, US label Mike & Chris - who are most well known for their fabulous take on the leather bomber jacket, are also apparently doing it tough in this economic climate.
Sad times indeed.
photo courtesy of shinystyle.tv