Deepika Padukone's MET Gala outfit designer Zac Posen is shutting up shop after 2 decades; Find out WHY

The designer is shutting down his namesake label after almost twenty years and has ceased business operations. His most recent collection will not be shipped, either. 
Deepika Padukone's MET Gala outfit designer Zac Posen is shutting up shop after 2 decades; Find out WHY
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Known for his glamorous and flamboyant ball gowns and dressing up srarts such as Rihanna and even home girl Deepika Padukone for the MET Gala this year, designer Zac Posen recently announced that the company could no longer continue operations. 

The designer launched his label back in 2001 when he was only 20 years old and has also served as creative director for the Brooks's Brother's women's collection. The brand told People magazine that "The Board of Managers of the Company made this difficult decision following a comprehensive strategic and financial review of the business and pursuit of a going-concern sale process," in a statement and also went on to add that the board is disappointed with the outcome but can no longer continue operations. 

The designer even debuts his Spring/Summer 20 collection in a show back in September but fans will not be able to purchase it and it will not be shipped. In a statement, Zac too expressed his disappointment and appreciation towards everybody who stood by him. "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 remain incredibly proud of what we created and are hopeful for the future," he said in his statement. 

(Katie Holmes with Zac Posen)

So far, Posen has designed outfits not just for Deepika, but also well-renowned Hollywood names like Oprah, Katie Holmes, royalty like Princess Eugenie, Michelle Obama, and has even served as judge for shows like Project Runway.  

It is unfortunate that the designer had to shut shop but we can't wait to see what he next has up his sleeve!

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