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    Since its founding in 1987, the house of Christian Lacroix has never turned a profit. Lacroix himself has been working without pay for months. The current owners, Florida's Falic group, revealed a restructuring plan to staff on Friday that would cut the workforce from 124 to 12 by the end of this month, and effectively reduce the house to a licensing operation, trading on Lacroix's name and reputation in order to sell men's shirts and silk scarves. In order to avoid this Doomsday scenario, an angel investor would have to step forward. The house is seeking letters of intent now.

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