Opening Ceremony, recently acquired by New Guards Group, will close its retail locations in 2020. Loyal followers found out about the closure from co-founder Carol Lim and Humberto Leon over three posts on Instagram explaining that “We’ve made a decision to focus on growing Opening Ceremony collection and brand with our new partners, New Guards Group, and expand the designs of Opening Ceremony.” Further stating that “we are stepping back from multi-brand retail, for a moment, so we can come back with an experience that is just as inspiring, filled with love and relevant for the years ahead as Opening Ceremony has been.”
