Christian Lacroix, established in 1987 by its eponymous founder, quickly gained recognition for its distinctive baroque aesthetic and intricately embroidered dresses. The fashion house’s journey through luxury fashion’s elite circles included a notable period under the ownership of LVMH, the French luxury conglomerate, before passing to the Falic family’s stewardship.
STL, already a formidable presence in the global fashion industry with ownership of CH Carolina Herrera and Purificacion Garcia brands, operates an impressive network of 600 stores worldwide. The company views this acquisition as a strategic enhancement of its brand portfolio, particularly emphasizing the value of Christian Lacroix’s extensive archives and its rich French haute couture heritage.
The acquisition also highlights interesting industry connections, notably through Spanish luxury beauty and perfumes group Puig, which holds a 25% stake in STL. Puig, which made its market debut on the Spanish stock exchange in May, adds another layer of significance to this fashion industry development.