VOICED: French court shuts down Lacroix fashion designs

Cristiano Lacroix's latest couture show marks the end of an era as the fashion house faces closure. The Paris Commercial Court has approved a restructuring plan that involves significant staff cuts, leaving only a few employees to manage licenses. Despite the emotional toll on long-time employees, there remains a glimmer of hope for the future if a buyer can be found. However, the company's substantial financial losses make this prospect uncertain.

What decision did the Paris Commercial Court make regarding Cristiano Lacroix's fashion house?

• To expand the company's operations

• To cut nearly all staff and shut down main designing activities

• To merge with another fashion house

• To launch a new fashion line

How many staff members will remain to manage the company's licenses after the restructuring?

• 25

• 100

• 50

• 11

What is the emotional reaction of long-time employees to the restructuring?

• They are indifferent to the changes

• They find it hard to believe and feel it's like a big slap in the face

• They are relieved about the decision

• They are excited about new opportunities

What is the company's hope despite avoiding outright liquidation?

• To launch a new product line

• To expand into new markets

• To increase staff numbers

• To find a buyer quickly

Why are potential buyers hesitant to purchase the company?

• Because of outdated fashion designs

• Due to lack of brand recognition

• Because of high staff turnover

• Due to the company's huge losses