Across the world, e-girls and fashion interns are crying into their discounted Kenzo sweaters and Acne t-shirts, because fashion retailer Opening Ceremony is officially shuttering its retail locations after being acquired by competing retailer Farfetch’s New Guards Group, which itIn a press release obtained by Jezebel, Opening Ceremony co-founders Humberto Leon and Carol Lim announced their plans to “close our Opening Ceremony retail locations some time in 2020.
Despite its popularity, Opening Ceremony has been embattled by the changing tides of the fashion industry, which now prioritizes the ever-expanding fast-retail market, primarily through Instagram and online stores. In 2018,widespread layoffs inside the brand. At the time, Lim claimed the company was trying to “streamline and be sm
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