Zac Posen’s fashion label is shutting down

Zac Posen’s fashion label is shutting down

Zac Posen (39) announced on Friday that he was shutting down his business he established in 2001.

According to Zac as reported by WWD:
“The board made a difficult decision. We were in a sale process and we ran out of time … 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.” “I think I’ve worked with integrity and care. Hopefully, I’ll have a long career ahead. I need to take a little time to think about my options. 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.”

Sources: 1, 2, 3

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