Designer News. Christian Lacroix in Financial Trouble

Christian LaCroix 'La Croix sweetie, La Croix.' Eddie from "Absolutely Fabulous" Not immune to the economy and luxury spending nosedive, Christian LaCroix SNC has sought court protection from its creditors. According to WWD, the Paris-based fashion house filed a petition with the commercial court yesterday, reflecting the vulnerability of wholesale-dependent brands amid the sharp downturn …

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Bling News. Gianfranco Ferré to Launch Jewelry Line

Finally some good news for embattled IT Holding SpA. Gianfranco Ferré, one of the labels it owns, is set to launch a jewelry line in partnership with Damiani. The women’s jewelry collection in gold or silver, with diamonds and other gemstones, will premiere on  the runway in September as part of the spring women’s ready-to-wear …

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