Proenza Schouler, the New York-based luxury fashion house, announced that founders Jack McCollough and Lazaro Hernandez will step down from their positions as creative directors effective January 31.
While the fashion industry speculated that the designer duo would move to Loewe and rumors circulated of Jonathan Anderson moving to Dior through LVMH, the news of their departure from their own label came as a surprise.
The duo, who founded the brand in 2000 while studying at Parsons School of Design, will retain their positions as shareholders and board members. At the same time, they will work with CEO Shira Suveyke Snyder to find new creative leadership, industry magazine WWD reported.
“It feels right to make the personal decision to step back from our day-to-day leadership role in the company and hand the creative reins over to someone new,” Hernandez said in a statement to the publication.
Under her leadership, Proenza Schouler grew from a student project into a major player in American luxury fashion, with estimated annual sales of $60 million and five CFDA Awards.
“Life is short and we never intended Proenza Schouler to be the only professional chapter in our lives. Our biggest fear is becoming complacent, and that’s why we think it’s time to open ourselves up to new experiences and challenges, whatever they may be,” the designers reflected on their farewell.
This is a developing news story.
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