Spain’s Sociedad Textil Lonia (STL) has announced the acquisition of the renowned French fashion house Christian Lacroix for an undisclosed amount, the company confirmed on Tuesday.
Founded in 1987 by the eponymous designer, Christian Lacroix is celebrated for its opulent baroque and intricately embroidered dresses. The brand was previously part of the luxury conglomerate LVMH before being acquired by the Falic family.
STL, which owns several prestigious brands including CH Carolina Herrera and Purificacion Garcia, as well as managing 600 stores worldwide, described the transaction as a “private deal.” The company stated that the acquisition of Christian Lacroix, with its rich archives and legacy in French haute couture, strengthens its portfolio and bolsters its international footprint.
Additionally, Spanish luxury group Puig, which debuted on the Spanish stock exchange in May, holds a 25% stake in STL.
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