In the financial realms of the fashion world today, there is good news and bad news. But we will offer the good news first, after all, we think you deserve it. We’ve heard today that Christian Lacroix (above) might be back on the catwalks as early as next season. Hurrah! He was sorely missed from the Paris schedule, but let’s hope he made the most of his break as it could be business as normal soon. Apparently the label has been sold to Sheikh Al Hassan bin Ali Al-Nuami, who has hopes to inject lots of money into the brand and keep all of the company’s employees. A formal deal will be made at the end of the month. Fingers crossed for Lacroix sweetie. But now to the bad news… Unfortunately, Japanese cult-label, Yohji Yamamoto has filed for bankruptcy protection with the Tokyo District Court. While no more details are available at this time, there has been a press conference called for later this evening. When we have more information, we’ll be sure to keep you updated.