ANOTHER HONOR FOR LACROIX: He was just decorated as a Chevalier of the Legion of Honor in Paris last week, and on Nov. 6, Christian Lacroix will be honored at the 11th annual Trophée des Arts Gala, organized by the French Institute Alliance Française at the Pierre Hotel in New York. Established in 1992, the honor is awarded each year to a distinguished French or American artist whose influence has spanned the continents. His Excellency François Bujon de l’Estang, France’s ambassador to the U.S., will present the award to Lacroix.

GIOMBINI OUT?: Industry sources in Milan say Fabio Giombini, general manager at Valentino, will leave the company in the next few months. Giombini apparently does not see eye to eye with Michele Norsa, general manager of Marzotto’s apparel division and Valentino’s chief executive officer. Marzotto acquired Valentino in June from Holding di Partecipazioni Industriali, and Giombini was ceo of Valentino when the house was owned by HdP. Prior to that, Giombini worked at Marzotto as a general manager of the Gianfranco Ferré and women’s apparel divisions under Norsa. When Marzotto bought Valentino, Giombini was demoted to general manager of the house, reporting to Norsa once again. Meanwhile, Marzotto management has scheduled a meeting with analysts Monday to discuss projects regarding Valentino.

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