Christian Lacroix To Stay In Business, But With Only 11 Employees

03/18/2010 05:12 am ET | Updated May 25, 2011

The Paris bankruptcy court approved the plan, which will end production of the classic label's haute couture and ready-to-wear lines after potential buyers passed up a deadline to take over the company.

The plan will see 100 staff cut with just 11 remaining to manage the company's licences for accessories and perfumes.

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