Zac Posen’s fashion brand has closed down for good, according to reports from Vogue and WWD. Posen’s company, which included House of Z, ZSpoke, and a lower-priced line called ZAC Zac Posen, as well as partnerships with GE and Delta, will cease operations immediately, and the collection Posen showed at Fashion Week just two months ago will not be shipping to stores.
The decision came as a shock to Posen, as longtime stakeholder The Yucaipa Companies had reportedly been actively seeking to offload their share of the business. When a sale couldn’t be reached in time, the board was forced to vote, and the closure is the unfortunate outcome of the inability to find a buyer. “There was a board vote. We had to make the call,” Posen told WWD. “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.”
The designer’s talent for glamorous silhouettes, clean lines, and couture construction made him a red-carpet staple among movie stars and socialites. He’s dressed everyone from Michelle Obama to Rihanna in his nearly twenty years of business, and through his partnership with GE, Posen experimented with innovative construction methods through 3d printing and fiberoptic fabrics.
In an emotional Instagram post, Posen thanked the staff of his atelier, praising their talent and commitment to the execution of his vision throughout the years. The staff of sixty made up one of the last functioning ateliers in New York City, a heartbreaking blow to the industry that has seen the shuttering of retail legends like Henri Bendel and Barney’s, along with designer studios like Posen’s.
Speaking to WWD about the closure, Posen remained hopeful for the future, particularly his career in the industry that has nurtured him since his graduation from Central Saint Martins and subsequent launch of his brand in 2001: “I’ve been focused on my brand for a long time. Now, this is a new stage. [...] I will always have me. I will always have my creativity.” His role as creative director with Brooks Brothers Women’s, separate from the Zac Posen Atelier, is expected to continue, so we’re sure this isn’t the last we’ll see of him. Talent like his deserves a platform to endure.
Want more from Teen Vogue? Check this out: Zac Posen Has Some Really Great Advice for Emerging Designers
Originally Appeared on Teen Vogue