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There's A Sad AbFab Joke In This Somewhere

Illustration for article titled Theres A Sad iAbFab/i Joke In This Somewhere

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]


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How do you run a company and not turn a profit for 22 years?! Were they just breaking even?