02 Nov ZAC POSEN SHUTS DOWN EPONYMOUS LABEL AND WE’RE SAD TO SEE HIM GO
In a devastating turn of events, super talented designer Zac Posen has been forced to close up shop after failing to find new investors or a buyer for the business. “It is truly the end of an era”.
A design favorite in the fashion world, the designer revealed to WWD that he had no choice but to shut down trading. Describing the news as “pretty intense” and “surreal,” Posen told the publication, “My partners and I tried everything possible within our means to find solutions to keep it going. I have been trying to find the right strategic partners at this tough time in retail and in the industry. The clock ran out.”
Posen confirmed that both his namesake line, House of Z, and diffusion line Z Spoke, had shuttered. The “surprising and immediate” decision meant that employees of the company were given the news on Friday afternoon, with operations immediately ceasing across the brand.
As Posen told WWD, “It breaks my heart for my customer and the people who work for me.”