HAS CHRISTIAN LACROIX GONE BUST?

In case you haven't heard, Parisian designer Christian Lacroix recently filed the French version of chapter 11. Quoting WWD Fashion, "the designer has told his collaborators he will give “200 percent” to keep the 22-year-old couture house intact.The goal is to “preserve the know-how, without which the lungs and the heart of the house couldn’t exist,” Lacroix wrote in a letter to the firm’s 125 employees, excerpts of which were obtained by WWD. Lacroix wrote he is “not ashamed” to admit that he is among parties owed money — some 1.2 million euros, or $1.7 million at current exchange — and that he has been designing collections “free of charge” for several months." READ AND SEE MORE IMAGES . . . . . .