Lacroix Files for Bankruptcy

For those of you who don't follow the daily fashion gossips and thus may not have heard, as of two days ago, chez Lacroix has officially filed for bankruptcy. The house is known for its fantastic, theatrical dresses that may look more Moulin Rouge than Madison Avenue. While reading about this downturn, I was shocked to find out that the house has never made a profit! Unlike many other labels (Dior, Prada, etc.), Christian Lacroix has never had a huge perfume hit, nor has it made the big bucks by selling overpriced luxury accessories. Sales of the women's summer collection are down 35% this year, and last year the company lost $15 million. The company has been looking for investors, so here's hoping someone with some deep pockets takes an interest.

Bee fashionable!