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The fact that Christian Lacroix showed a couture collection today in Paris at all is a testament to his tenacity and vision as a designer. Two months ago, the company that bears his name was forced to declare its bankruptcy. » 7/07/09 2:30pm 7/07/09 2:30pm

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The house of Christian Lacroix has just filed for bankruptcy protection in French court. Owners the Falic Group have been trying to sell a stake in the company, but negotiations with potential investors broke down. In 22 years of operation, Lacroix has never turned a profit. [NY Times] » 5/28/09 12:20pm 5/28/09 12:20pm