Zac Posen announced the closure of his labels “House of Z” and “Z Spoke” after being in business for almost 20 years.
“I want to express my appreciation to our extraordinary team and for all those who have stood by me and the brand. 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.”, said the Designer on Instagram.
Posen is known for his red carpet evening wear, worn by well-known personalities like First Lady Michelle Obama, Rihanna or Naomi Watts.
According to a press release, the Management Board had strategically reviewed the business and the continuation of the sale process, but had no choice but to terminate the operations.
The designer’s collections were sold in over 20 countries worldwide. Today’s decision leaves Zac Posen’s website no longer accessible and his staff no longer employed.
Cover pic: facebook.com/officialzacposen