Zac Posen has been a household name in the industry for almost two decades now. The designer and his esteemed label have been a favorite at the runway and among the celebrities alike! 

Looks like the designer is forced to shutter his namesake brand, as well as House of Zac Posen due to financial restrictions. 

 

 

 

 

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A post shared by Zac Posen (@zacposen) on May 7, 2019 at 5:29am PDT

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The designer told a publishing site that he had no choice but to shut down trading. Describing the news as "pretty intense" and "surreal," Posen told the publication, "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."

 

 

 

 

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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

A post shared by Zac Posen (@zacposen) on Nov 1, 2019 at 2:09pm PDT

After Forever 21 and Barneys shuttered, the fashion industry is quaking with the loss of another modish label.

Well, we're heartbroken, what are your thoughts? 

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(SOURCE: Instagram)