Colette to close its doors

Colette, the Paris-based fashion and lifestyle concept store is to close its doors in December after 20 years in business.

The company said that it is closing the store due the retirement its founder Colette Roussaux, who runs the store.

“Colette Roussaux has reached the time when she would like to take her time; and Colette cannot exist without Colette,” the company said in a statement.

Colette is known as a cult store and a key launchpad for up-and-coming designers.