Spanish fashion and textile company Sociedad Textil Lonia (STL) has struck an agreement to acquire French fashion house Christian Lacroix for an undisclosed sum.
Founded in 1987 by the designer of the same name, Christian Lacroix was once owned by luxury group LVMH, which sold later to Duty Free Americas owner Falic Group.
STL said the private transaction for 100% ownership of Lacroix marks a step forward in its efforts to expand its portfolio and strengthen its presence in the international luxury fashion market.
STL said it aims to preserve and further develop the legacy of Christian Lacroix, leveraging the brand’s history of innovation to enhance its global footprint in the high-fashion sector.
Commenting on the acquisition, STL said: “We are truly excited to integrate the legacy and boundless creativity of Maison Lacroix into our business project. We will do everything we can to ensure that the unique talent of its creator and his invaluable contribution to the fashion world reach their full potential.”
Christian Lacroix is celebrated for its opulent designs and imaginative couture pieces. The brand has a rich fashion heritage rooted in Provençal and Mediterranean influences.
Founded in 1997, STL specialises in the design, production and sale of premium accessories and ready-to-wear collections for women and men. The company operates over 600 stores across 43 countries, with a strong presence in the Americas, Europe and Asia.
It also owns the Purificación García and CH Carolina Herrera brands.
STL is 75% family-owned, with Spanish fashion and beauty group Puig owning a minority share, acquired from LVMH in 2014. ✈
