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He needed a new investor to keep operating and couldn t find one so a board of managers voted after nearly 20 years in business to end it.

Business of fashion zac posen. In addition to posen s evening wear driven ready to wear line his business included the contemporary line zac zac posen launched in 2013 and still in operation and z spoke a diffusion line that launched in 2005 but has since closed. Zac posen s namesake fashion label is no longer. The business the designer founded in 2001 shuttered on friday.

New york united states american fashion star zac posen shut down his line on friday letting go around 60 employees. The designer known for evening gown creations announced friday that he s shutting down his business. Zac posen designer to celebrities and former project runway judge is taking his final bow.

Fashion has another major casualty. The business the designer founded in 2001 shuttered on friday.

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