Many people are being wiped off the economic map by the recession, but I had no idea that Haute Couture designers were feeling it as well. Yes, Tha Lady Blogga is a bit of a label whore so this news is making me tear up as I type.
Christian LaCroix, has officially declared insolvency after not being able to negotiate a revamp of the label through this grueling recession. As people started to reduce their spending on luxury fashions, the label started to tumble. LaCroix is a creative designer who had great collections over time. But let’s face it... Who can afford to spend $1500 on a pair of slacks?
The label was started 22 years ago and was a huge hit in France and then filtered over into the States. Two of my favorite women Patsy and Edina, of the British Comedy (BBC TV) “Absolutely Fabulous”, were huge fans of the designer. Both he and his designs were often featured on the show. Aw heck... Even Lil’ Kim referenced him in “Crush on You” – Hardcore Album “You gotta hit me off. Buy this girl gifts of course. So I look slick, in my six, with my Christian LaCroix.” Despite her plastic appearance, the girl knows fashion... LOL. Hopefully one of the more stable designer labels can pick him up and he can get back on his feet from there.
People really are going broke. I guess $500 really is too much to spend on a T-Shirt. Designers should probably take note and think about how they are going to survive this Recession. The prices have to match the economy or else folks can’t keep up. That’s the bottom line. Let me just say that I am sure Christian LaCroix won’t be the last designer to feel the effects of this faltering economy. Hmmmmm... Wonder who’s next??
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