Someone get Ms. Monsoon on the phone:
Christian Lacroix, the French couturier whose artistic and exuberant pouf dresses propelled him to fame in the 1980s, became the latest victim of the global financial crisis Thursday as the U.S.-owned fashion house bearing his name filed for court protection from creditors.The voluntary petition, similar to Chapter 11 bankruptcy protection in the United States, was filed with the commercial court in Paris, which will decide whether to restructure or liquidate the company.Although Lacroix’s chief executive officer, Nicolas Topiol, emphasized that the brand intended to continue operating during the process, the news brings an end to a luxury business model for which Lacroix was the last of the Mohicans.
The voluntary petition, similar to Chapter 11 bankruptcy protection in the United States, was filed with the commercial court in Paris, which will decide whether to restructure or liquidate the company.
Although Lacroix’s chief executive officer, Nicolas Topiol, emphasized that the brand intended to continue operating during the process, the news brings an end to a luxury business model for which Lacroix was the last of the Mohicans.
― Ned Raggett, Thursday, 28 May 2009 14:51 (seventeen years ago)
Mohicans were French?
― ian, Thursday, 28 May 2009 14:54 (seventeen years ago)
Somehow, this does not surprise me.
― Le présent se dégrade, d'abord en histoire, puis en (Michael White), Thursday, 28 May 2009 14:56 (seventeen years ago)
story ends with an "um, What?" for that Mohicans bit.
― Mark G, Thursday, 28 May 2009 15:14 (seventeen years ago)
Ittierre filed for bankruptcy protection(or the Italian equivalancy). I only found this out because some random customer at work told me.
― tokyo rosemary, Friday, 29 May 2009 02:56 (seventeen years ago)