Zac Posen, the designer who has dressed celebrities including Michelle Obama, Gwyneth Paltrow, and Rihanna has been forced to shutter his business. Here's what the designer says are his next steps.
Zac Posen, the designer who’s kept celebrities in mermaid gowns on the red carpet since the early 2000s, has shuttered his namesake label.
The House of Z, Posen’s company had been in the midst of a sale process. As early as April of this year, Yucaipa Cos., the investment firm founded by Ron Burkle, was seeking to sell off its stake in the label. Today, according to a release, the House of Z, “determined to cease business operations and carry out an orderly disposition of its assets.
“I’ve been personally trying to find the right partner for some time,” Posen said in an exclusive interview with. “But time ran out, and the difficult climate out there… it’s not an easy time in our industry.” Posen had been designing 14 collections a year for his signature line, his lower-priced ZAC Zac Posen collection, and Brooks Brothers, where he is creative director, and he was involved in multiple partnerships, including with Delta Airlines and GE. “It’s been 20 years of love, I’m very sad,” he said. “But I’ve had the great fortune to express myself creatively, and to have made some incredible work with unbelievably passionate people.
In short order, Sean Combs took a 50 percent stake in his business , and Posen was dressing the likes of Gwyneth Paltrow, Uma Thurman, Kate Winslet, Naomi Campbell, Rihanna, Katie Holmes, and many more. The figure-flattering engineered construction and flamboyance of his gowns—not to mention his personal charisma—made him a red carpet favorite. Though his rise was swift, his trajectory was not without its ups and downs.
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