goodbye christian lacroix?

The prestigious French luxury fashion label Christian Lacriox is in murky waters. According to WGSN, foreign investors are interested in purchasing the company and a restructuring plan, in which only 12 individuals preserved their current positions, occurred. Production of both ready-to-wear and haute couture have stopped and Christian Lacriox himself has left the company. The company is millions in debt and is closing two of their Paris stores. Is this the end for Christian Lacriox?