Zac Posen who is New York’s renowned fashion designer, is closing down his eponymous label, getting out “the increasingly challenging fashion and retail landscape” as a primary purpose for the choice.
As per different reports, the unexpected covering came as the mark was amidst a deal procedure.
“The management team…worked extremely hard to navigate the increasingly challenging fashion and retail landscape,” Posen said in an announcement discharged 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.”
Zac Posen is the favorite fashion designer of the red carpet, and celebrities have carried his masterpieces like Rihanna, Michelle Obama, and Gwyneth Paltrow; moreover, in the year 2004, he was named as the CFDA’s womenswear designer of the year. First propelled the Zac Posen brand in 2001, at 20 years old.
Because of the shutdown, the Zac Posen spring/summer 2020 collection will never again be accessible for procurement.
On Instagram, the fashioner gave an announcement lauding the colleagues.
“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 keeps on filling in as the creative director of Brooks Brothers’ ladies’ collections, a job he started in 2014.