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Designer Zac Posen Is Shutting Down His Fashion Brand

Zac Posen will sadly be shutting down his fashion brand and his most recent collection will no longer be shipped.

“The owners of the Zac Posen fashion and accessories brand, announced today that the Company has determined to cease business operations and carry out an orderly disposition of its assets,” the brand confirmed in a statement to People on Friday.

“The Board of Managers of the Company made this difficult decision following a comprehensive strategic and financial review of the businesses and pursuit of a going-concern sale process,” the company continued in the statement. “The Board of Managers is disappointed with this outcome but can no longer continue operations and believe an orderly disposition at this stage is the best course of action, under the circumstances.”

Zac debuted his Spring/Summer 2020 collection with a show in September, but fans will unfortunately not be able to purchase pieces.

“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,” Zac said in a statement. “The management team at the Company worked extremely hard to navigate the increasingly challenging fashion and retail landscape, consistently evaluating strategic options to strengthen our financial profile and fuel potential growth.”

“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. 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,” he added.

Zac‘s label was launched in 2001 when he was only 20 years old. We look forward to seeing what he does next!

Sarah Jessica Parker Wows in Pink Gown for NYC Ballet Fall Fashion Gala 2019!

Sarah Jessica Parker twirls on the red carpet as she arrives at the 2019 New York City Ballet Fall Fashion Gala on Thursday night (September 26) at the David H. Koch Theater at Lincoln Center in New York City.

The 54-year-old actress looked super chic in a fuchsia-colored, ruffled gown as she stepped out for the event.

PHOTOS: Check out the latest pics of Sarah Jessica Parker

Other stars at the event included Laverne Cox, Andy Cohen, Unbreakable Kimmy Schmidt actress Amy Sedaris, DWTS judge Carrie Ann Inaba, designer Zac Posen, and Brooke Shields.

FYI: SJP is wearing a Zac Posen gown. Laverne is wearing a Zac Posen gown and HStern jewelry while carrying a Tyler Ellis clutch. Kelly is wearing Zac Posen. Zac designed costumes for the ballet dancers!

15+ pictures inside of the stars arriving at the event…More Here! »

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Zac Posen Photo Gallery

Natalia Dyer, Dascha Polanco & More Glam Up For Vanity Fair's Best Dressed Party

Natalia Dyer keeps it chic at Vanity Fair’s 2019 Best Dressed List event held at L’Avenue at Saks on Thursday night (September 5) in New York City.

The 22-year-old actress was joined at the event by her Stranger Things co-star Sadie Sink, as well as Jasmine Tookes, Dascha Polanco, Justine Skye, Nicky Hilton, Brittany Snow, Karrueche Tran, and Nicole Scherzinger and so many more.

Designers Tory Burch, Zac Posen and Christian Louboutin were also spotted inside the party.

Attendees munched L’Avenue at Saks’ iconic Tuna Tartare, Croque Monsieur, Tomato and Burrata Salad, Mini Cheeseburgers, and sweet treats including a variety of delightful Macaroons from Pierre Hermé.

Founded in 1940, the Best-Dressed List honors the most stylish individuals from across the globe, with a focus on creativity and personal expression.

See 50+ pictures inside of Natalia Dyer, Dascha Polanco, Josephine Skriver and more at Vanity Fair’s 2019 Best Dressed List event…

FYI: Sadie wore a Kate Spade dress.

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Sebastian Stan & Tom Hiddleston Support Fellow Marvel Star Jake Gyllenhaal at Broadway Opening!

Sebastian Stan and Tom Hiddleston walk the red carpet at the opening night performance of the Broadway play Sea Wall/A Life on Thursday (August 8) at the Hudson Theatre in New York City.

The guys were at the event to support their fellow Marvel star Jake Gyllenhaal. He just played the character Mysterio in Spider-Man: Far From Home.

Tom was joined at the show by his co-stars from the upcoming Broadway production of BetrayalCharlie Cox and Zawe Ashton.

Other stars in attendance include Jake‘s former Sunday in the Park with George co-star Annaleigh Ashford, Kate Walsh, John Mulaney, Margarita Levieva, designer Zac Posen, Broadway star Norm Lewis, and producer Jordan Roth.

Sebastian and Margarita used to date years ago!

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Baz Luhrmann Gets Lots of Celeb Support at 'Moulin Rouge' Broadway Opening!

Baz Luhrmann steps out for the opening night performance of Broadway’s Moulin Rouge musical on Thursday (July 25) at the Al Hirschfeld Theatre in New York City.

The 56-year-old filmmaker, who wrote and directed the film version, was joined at the event by his wife Catherine Martin, as well as Vogue‘s Anna Wintour and her daughter Bee Shaffer.

Baz and Catherine are credited by the production for their “creative services.”

More stars in attendance at the event included Billy Eichner, Lin-Manuel Miranda, John Mulaney, Gloria Estefan and husband Emilio, as well as Broadway stars Stephanie Styles, Bernadette Peters, Ariana DeBose, Nick Adams, Jessica Vosk, and Steven Pasquale, plus producer Jordan Roth.

You’ve gotta see the incredible video that Jordan made on the stage of the theatre!

FYI: Anna is wearing Dolce&Gabbana. Stephanie is wearing a Marchesa dress and Christian Louboutin shoes. Jordan is wearing Zac Posen.

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Katie Holmes, Alexander Skarsgard & Diane Kruger Step Out for Chanel's Tribeca Film Fest Dinner!

Katie Holmes and Diane Kruger strike a pose on the carpet while attending Chanel‘s 2019 Tribeca Film Festival Artists Dinner held at Balthazar on Monday (April 29) in New York City.

The 40-year-old actress and Diane, 42, were joined at the event by Alexander Skarsgard, Piper Perabo, Mark Ronson, Justin Bartha, Angela Bassett, Girls stars Jemima Kirke and Zosia Mamet, and Haley Bennett.

PHOTOS: Check out the latest pics of Katie Holmes

Also in attendance at the event were Chloe Sevigny, The Haunting of Hill House‘s Carla Gugino, Will & Grace‘s Debra Messing, She’s Gotta Have It‘s DeWanda Wise, Rainey Qualley, Grace Gummer, La La Anthony, Kal Penn, Robert De Niro and designer Zac Posen.

The dinner honors co-founders Jane Rosenthal and De Niro‘s Artists Awards Program which elects ten artists to give a piece of their artwork to the winners of this year’s festival, announced on May 2.

FYI: Katie is wearing Zeynep Arcay blazer and trouser. Angela is wearing a Greta Constantine bodysuit.

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