Colette, Paris Fashion Destination, Is to Close in December

Colette, the fashion and lifestyle emporium in the First Arrondissement of Paris that proved to be a launchpad for young designers and a shopping destination for industry insiders and tourists alike, will close its doors on the Rue St.-Honoré in December after 20 years.

A statement confirming the decision was posted on the boutique’s website on Wednesday.

“As all good things must come to an end,” the statement said, “after 20 wonderful years, Colette should be closing its doors on December 20th.” The company cited retirement plans for the founder, Colette Roussaux, who ran the store with her daughter, Sarah Andelman, and made it one of fashion’s favorite new-style family businesses.

“Colette Roussaux has reached the time when she would like to take her time; and Colette cannot exist without Colette,” the statement read, referring to the store requiring its founder.

“I know people think it’s crazy that we decided to close rather than sell the name, because it has value, but we knew if someone else ran it, it would not be the same,” Ms. Andelman, 41, said by phone from Paris, noting it had been a very emotional day for her. “The messages we have received have been so many, and full of so much love,” she said.

The end of the Colette era is bound to raise question about the continued viability of such “concept stores,” which place an emphasis on attitude and discovery over the bottom line. (Colette famously never had a marketing plan.)

However, other concept stores, such as 10 Corso Como in Milan, which was founded in 1990 and has been on an expansion spree with stores in Seoul, South Korea; Shanghai and Beijing, and one to open in South Street Seaport in New York next year, have successfully navigated the new retail environment. Dover Street Market, the multi-idea emporium owned by Comme des Garçons, is likewise thriving, and the British store matchesfashion.com has transformed itself by focusing its business online.

Indeed, however, the decision to close Colette is that rare thing in fashion, which is notoriously bad at succession planning and finds it almost impossible to let sleeping brands lie: an active attempt on the part of a globally recognized name to determine the end of its life span. Instead of being a cautionary tale for the industry, it is yet another example of the store’s pioneering nature.

The industry accolades for Colette began almost immediately.

Bryanboy, the fashion influencer, wrote on Instagram, “Colette to me is the ultimate shopping (and research) destination in Paris, with their well-edited buys and support for many people whether it’s a big brand or a small entrepreneur or artist. When I didn’t have a lot of money to buy designer clothes, I used to buy my music compilation CDs from you! For a generation, Colette was the gold standard of cool.”

According to the company statement, also posted on Instagram, negotiations are in progress with Saint Laurent, the French luxury house owned by Kering, to lease the premises, which is owned by Ms. Andelman and her mother.