Spain’s Sociedad Textil Lonia (STL) has announced the acquisition of the renowned French fashion house Christian Lacroix for an undisclosed amount. The deal, confirmed on Tuesday, marks a significant development for both entities in the world of luxury fashion.
Founded in 1987 by its namesake designer, Christian Lacroix gained fame for its opulent baroque-inspired designs and intricately embroidered dresses. The brand was previously part of French luxury conglomerate LVMH and later transitioned to the ownership of the Falic family.
STL, which operates brands such as CH Carolina Herrera and Purificación García and boasts a network of 600 stores globally, described the acquisition as a “private transaction.”
“By acquiring Maison Christian Lacroix, with its treasure trove of archives and the rich heritage of French haute couture, STL expands its brand portfolio and strengthens its international presence,” the company stated.
Adding another layer of interest to the deal, Spanish luxury beauty and fragrance group Puig, which debuted on the Spanish stock exchange in May, holds a 25% stake in STL.
This acquisition represents a pivotal step for STL in diversifying and expanding its influence in the global luxury market, leveraging the legacy and craftsmanship synonymous with the Christian Lacroix name.
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