Zac Posen shutters namesake label
New York fashion designer Zac Posen is shutting down his eponymous label, calling out "the increasingly challenging fashion and retail landscape" as a reason behind the decision.
According to multiple reports, the sudden shuttering came as the label was in the midst of a sale process.
“The management team…worked extremely hard to navigate the increasingly challenging fashion and retail landscape,” Posen said in a statement released on Friday.
“We are disappointed that these efforts have not been successful and deeply saddened that the journey of nearly 20 years has come to an end.”
The 39-year-old designer, whose designs have been seen on celebrities like Rihanna, Michelle Obama and Gwyneth Paltrow and who was named as the CFDA’s womenswear designer of the year in 2004, first launched the Zac Posen brand in 2001, at the age of 20.
As a result of the shutdown, the Zac Posen spring/summer 2020 collection will no longer be available for purchase.
On Instagram, the designer issued a statement praising the members of his team.
“I want to express my appreciation to our extraordinary team and for all those who have stood by me and the brand,” Posen wrote. “I owe a great deal of gratitude for their unwavering support for and dedication to the company. I am grateful to the team who lent their incomparable talent and commitment along the way. I remain incredibly proud of what we created and hopeful for the future.”
Posen continues to serve as the creative director of Brooks Brothers’ women’s collections, a role he began in 2014.
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