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Zac Posen To Close Down His Fashion Label

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After a practice of almost 2 decades, New York based fashion designer, Zac Posen is apparently shutting his stores all over. The red carpet's favorite designer, known for big trains and ruffles for stars like Rihanna, is now shutting his label.

Deepika Padukone's Barbie Met gala look was created by Posen. Apparently, the Zac Posen label started in 2000 after he made a dress for Naomi Campbell.

According to sources, Posen's love of fashion began when he used to steal the yarmulkes at his grandparents' synagogue to make dresses for dolls. At 16, he enrolled in Parsons School of Design's precollege program, and he was given the opportunity to intern with fashion designer Nicole Miller.

According to sources, the designer said in a statement, "worked extremely hard to navigate the increasingly challenging fashion and retail landscape, consistently evaluating strategic options."

The source added, An announcement from the label's owners, House of Z and Z Spoke, noted late Friday that the company could no longer continue operations. It had been in a sale process.

The statement further added, "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."

Posen created many outstanding and gorgeous designs and among them was a mermaid-like gown for Gwyneth Paltrow at the Oscars in 2007, an off-the-shoulder gown with the brightly sequined skirt for Oprah Winfrey at the Oscars in 2011, and a fitted pink satin gown for Rihanna at the Diamond Ball in 2014.

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