There is something absolutely heartbreaking about the financial crisis currently afflicting venerable French couturier Christian Lacroix. Regardless of whether or not you appreciate his particular aesthetic, the potential closing of a couture house is a tremendous loss not only for the designer himself but for the petites mains (pictured above) and all the various specialist craftsmen who make it all happen.
Mr. Lacroix gave an emotional and surprisingly candid interview to Le Monde and Europe 1 during which he explained the tensions and difficulties that have plagued his haute couture and prêt-à-porter businesses for years culminating this week in the initiation of bankruptcy proceedings. His story illustrates the difficult marriage between haute fashion and finance and confirms my belief that luxury is not for the faint of heart. It takes more than a passing interest in the glamour or cachet of the industry to properly nurture and build this type of business and investors need to be motivated by more than merely short-term gain. It is in every sense a labour of love for everyone involved.
The interview also serves to highlight the sense of honor, commitment and solidarity that permeates the French haute couture community. Mr. Lacroix recounts how the legendary embroiderer Maison Lesage and Grandis de Granville (who produce his luxury prêt-à-porter collections) have continued faithfully to support his business despite being owed vast sums of money for services rendered in the creation of past collections. My fondest wish for Mr. Lacroix and his team is that they find a white knight to step in and rescue his business. Bon courage Monsieur Lacroix. My fingers are crossed.
Sincerely,
The Luxe Chronicles
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