Colette announced on social media this morning (July 12, 2017) it’s closing its doors in December this year after 20 years in business. In a statement written in French and English, the business stated that its founder, Colette Roussaux, who founded and operated the store with her daughter, Sarah Andelman, was ready to retire from the business of retail.
“As all good things must come to an end, after twenty wonderful years, Colette should be closing its doors on December 20th of this year. Colette Roussaux has reached the time when she would like to take her time; and Colette cannot exist without Colette,” read the statement in part.
The store noted it was in talks with Saint Laurent to take over the storied space. “Negotiations are under way with Saint Laurent and we would be proud to have a brand with such a history, with whom we have frequently collaborated, taking over our address.”
A three-story space located at 213 rue St.-Honoré, Colette according to the NY Times, had sales of 28 million euros ($32 million) in 2016, with e-commerce accounting for 25 percent of that and the rest coming from its single store.
In a profile on the two proprietors published in March 2017 just prior to a splashy, 20th anniversary celebration, the NY Times brought up rumors the store was planning to close, which Andelman dismissed as untrue.
Roussaux still lives above the store, which had been vacant for quite some time before she purchased it and with Andelman as her partner, subsequently went on to change retail history.
Image of Roussaux and Andelman via @nouvellegarde.
Toutes les bonnes choses ont une fin. Après vingt années exceptionnelles, colette devrait définitivement fermer ses portes le 20 décembre prochain. Colette Roussaux arrive à l’âge où il est temps de prendre son temps ; or, colette ne peut exister sans Colette. Des échanges ont lieu avec Saint Laurent et nous serions fiers qu’une Marque aussi prestigieuse, avec qui nous avons régulièrement collaboré au fil des années, reprenne notre adresse. Nous sommes ravis du grand intérêt que Saint Laurent a montré dans ce projet, ce qui pourrait constituer une très belle opportunité pour nos salariés. Jusqu’au dernier jour, rien ne changera. colette continuera de se renouveler toutes les semaines comme d’habitude, avec une sélection unique et de nombreuses collaborations, également disponibles sur notre site colette.fr Nous vous remercions pour votre confiance, et à bientôt chez colette, jusqu’au 20 décembre! #colette BREAKING NEWS As all good things must come to an end, after twenty wonderful years, colette should be closing its doors on December 20th of this year. Colette Roussaux has reached the time when she would like to take her time; and colette cannot exist without Colette. Negotiations are under way with Saint Laurent and we would be proud to have a Brand with such a history, with whom we have frequently collaborated, taking over our address. We are happy of the serious interest expressed by Saint Laurent in this project, and it could also represent a very good opportunity for our employees. Until our last day, nothing will change. colette will continue to renew itself each week with exclusive collaborations and offerings, also available on our website colette.fr We thank you for your support and see you soon at colette–until December 20th!