Opening Ceremony to Close All Stores in 2020

Only a day after New Guards Group (NGG)'s purchase of Opening Ceremony was announced, the retailer took to social media and its email list to announce the closure of all retail stores "sometime in 2020." This marks a transition for co-founders Humberto Leon and Carol Lim, who will instead focus on the Opening Ceremony clothing line.Launched in 2002, Opening Ceremony quickly became a launching pad for emerging designers like Alexander Wang and Rodarte, eventually becoming a recognized tastemaker ...