I wasn't ever a real Christian Lacroix fan, but did occasionally admire a few of their pieces.
While their bankruptcy is rather unfortunate, the way this article was written is just so wrong...
And I quote from The New York Times:
"But despite years of critical success, the company failed to break even, let alone turn a profit. Mr. Arnault sold Lacroix in 2005 to the Florida-based Falic Group, known for its Duty Free Americas chain. The Falic brothers aimed to refocus the luxury brand at the peak..."
I seriously hope the name Falic is not supposed to be pronounced the way I think it is?
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