There's A Sad AbFab Joke In This Somewhere

By TatianaTheAnonymousModel | May 28, 2009 | 4:20pm

The house of Christian Lacroix has just filed for bankruptcy protection in French court. Owners the Falic Group have been trying to sell a stake in the company, but negotiations with potential investors broke down. In 22 years of operation, Lacroix has never turned a profit. [NY Times]