fashionblog

Christian Lacroix, a popular haute couture house, has been struggling with profits over the years and with the global financial crisis, this fashion giant may have to fold down.

According to reports, the company went into administration a few months ago and that next week; it will attempt to make another major comeback via a series of shows revealing its new line for autumn and winter.

Fashion editors have hailed the creations by Christian Lacroix, a French designer that created the haute couture house in 1987.

There have been speculations that the upcoming fashion show would be the last for the company due to financial struggles.

In the past, the haute couture house has sponsored major fashion shows attended by high profile celebrities. Most of these events were attended by nearly a thousand VIP guests but for the upcoming show, barely 300 individuals got invitations.

Luxury giant LVMH supported the creation of this haute couture house 22 years ago but it was sold in 2005 to Falic, a US duty free giant. Last year, the company reported a 10-million euro slump in sales. The haute couture house has 250 employees whose jobs are in jeopardy.