Opening Ceremony Is Closing All Stores - Fashionista

Opening Ceremony Is Closing All Stores

It's another sad day for fashion retail.
Author:
Updated:
Original:
opening-ceremony-logo-jacket-street-style

Another influential New York fashion retail institution is approaching its final days. On Tuesday, Carol Lim and Humberto Leon announced in a letter to customers that all physical locations of Opening Ceremony — the brand and retailer they founded in 2002 — would be closing sometime in 2020. 

This follows Monday's news that the company, which operates four multi-brand stores in New York, Los Angeles, London and Tokyo, had been acquired by New Guards Group, a Milan-based holding company that controls brands like Off-White and Heron Preston. According to Business of Fashion, New Guards only acquired Opening Ceremony's trademark and IP, intending to take over production of its in-house line. In their letter, Lim and Leon indicated plans to focus on the design of the latter.

"We've made a decision to focus on growing Opening Ceremony collection and brand with our new partners, New Guards Group, and expand the designs of Opening Ceremony," Lim and Leon wrote, also hinting that they could return to physical retail in some form in the future. "Ultimately, in this time of immense change in the way that people shop, we still believe in the power of passionate and unique retail. But we also believe in the necessity for change, reflection and an opportunity to refresh. This is a moment of transition for Opening Ceremony and, together with our new partners, we are taking the chance to step back and evaluate the future of our Opening Ceremony retail experience."

Opening Ceremony opened the doors of its Howard Street location in New York on Sept. 1, 2002 with and Olympics-inspired name and the idea to highlight emerging downtown brands alongside designers from other countries that had never sold in the U.S. before. In addition to its unique and influential concept and offering, Opening Ceremony became known for simply being a cool place to hang out. As a young college student in NYC, I found myself there many a weekend afternoon despite not being able to afford a fraction of most items, and I always left feeling inspired. (You can bet the minute I got my hands on my first credit card I made some of my first irresponsible purchases there.) 

Not unlike fellow beloved retail casualties like Colette and Barneys, Opening Ceremony inspired an emotional connection in its fans and customers, and was more than just a store for a lot of people. Already, the fashion community has begun eulogizing it on Twitter, as you can see below.

R.I.P. Opening Ceremony, the place — and fashion retail as we knew it.

Never miss the latest fashion industry news. Sign up for the Fashionista daily newsletter.