Zac Posen, the king of the ball gown, has today announced he is shutting his fashion label, House of Z.
A designer since the early 2000s, Posen rose to fame with glamorous red carpet gowns, responsible for dressing some of the biggest names in Hollywood. Famous for his fit-flare mermaid shape, his sweeping gowns soon became a red carpet favourite, with everyone from Michelle Obama to Oprah to Katie Holmes (a huge Posen fan) wearing his frocks. He also became a much-loved judge on Project Runway.
Closing effective immediately, about 60 staff were informed on Friday, while his recent spring collection from September will not be shipped.
“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. Love ZP,” Posen wrote on Instagram.
The designer told WWD the decision was “surprising and immediate,” calling the closure “horrible”, “pretty intense” and “surreal”. He continued: “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.”