The Luxury Blogger » global financial crisis

Luxury Goods maker Christian LaCroix Goes Bust

admin — Tue, 02 Jun 2009 08:45:20 +0000

Christian Lacroix is the first big-name designer to file for bankruptcy courtesy the global financial crisis. His Paris fashion house confirmed on May 28 that it had filed for bankruptcy. No great shocks here, SIL, a French company that made high-end lingerie for luxury brands, including Christian Lacroix, Kenzo, and Sonia Rykiel shut up shop earlier in the year after suffering a steep decline in orders, throwing 130 employees out of work. The company had been in business since the 1960s, and many employees had held their jobs for decades. "It happened very fast, everyone was in shock," says Garcher, who worked at a factory in the town of Nevers in Burgundy.

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Luxury Jet Maker Bombadier Cuts 3000 Jobs

admin — Thu, 02 Apr 2009 22:58:38 +0000

Canadian manufacturer Bombardier (Lear Jet maker) is pulling back production rates and cutting 3,000 positions, or 10.0% of its workforce, in its aerospace division as demand for luxury private jets falls off.

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Luxury News December 2008

admin — Tue, 30 Dec 2008 14:47:42 +0000

A light-hearted look at the world of luxury at year's end 2008. Things are not looking terribly good for 2009 and a few nasty surprises may well be lurking. These are some luxury headlines and news articles recently.