New Zealand fashion label Sylvester will close after its final Summer collection, with the brand citing the challenging economic climate as the reason behind the decision.
In a statement shared with its community, the team said it had made the difficult decision to wind up the brand after finding the current retail environment significantly more difficult than anticipated.
"We are so proud of all that we have created, but the hard reality is that the economic climate is so much tougher than we anticipated. We knew trying to build a business would be tough, but just trying to keep afloat in this current climate has been too intensely stressful for our entire team."
The label said it would continue trading through its Summer collection until Christmas before saying its final goodbyes in February.
The final Summer collection will be released in three parts: Louise, Memoiré and Resort, with new arrivals dropping weekly until Christmas. The brand also confirmed there will be no restocks.
The statement said the business remained committed to supporting its team and suppliers throughout the wind-down.
"When we started this, Kate & Wayne made it clear to us that a business must pay for itself, and we listened. Our number one commitment is to our team and suppliers, to do right by them. We will trade through with our beautiful Summer collection until Christmas, and then we will say our final goodbyes in February."
Known for its colourful prints, distinctive silhouettes and loyal customer community, Sylvester has become an established name in New Zealand fashion, building a dedicated following through its contemporary collections and distinctive brand identity.
In its farewell message, the team thanked customers for their support throughout the brand's journey.
"The most rewarding aspect of this adventure has been the love, support and enthusiasm from you, our community, our huddle. The Huddle represents heads together, arms around each other. It celebrates the bond between friends and family. Always."
Sylvester concluded the announcement with a simple message to its community: "Thanks so much for everything."
