Fashion label Sies Marjan is closing down.
Founded by creative director Sander Lak in 2016, the New York City-based ready-to-wear brand was known for its evocative use of colour and proportion.
However, Lak announced on Monday that he was shuttering the business as a result of financial difficulties in the face of the coronavirus pandemic.
“As a young independent company, we were significantly impacted by Covid-19. With a heavy heart, we have made the very difficult decision to close our business,” he said in a statement released to editors at WWD. “What we have worked on has been a dream come true. Thank you to everyone who has given their time and talent to Sies Marjan over the years. We have built a singular brand whose legacy is not just in the clothes and collections, but within each person who contributed along the way.”
The Sies Marjan website and Instagram page have already closed.
Lak previously worked for the likes of Phillip Lim, Balmain, and Dries Van Noten before heading to the U.S. to launch his own label. Backed by Nancy and Howard Marks’ holding company Deia, the Dutch designer won the CFDA Award for Emerging Talent in 2018, having been nominated for the same prize a year earlier.
The news comes as a number of brands have indicated plans to restructure amid the Covid-19 crisis. Executives at Diane Von Furstenberg are reportedly cutting 75 per cent of staff members and closing the majority of stores, while John Varvatos filed for bankruptcy protection last month.
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