Tomas Maier will cease its business operations, after Kering has terminated its partnership with the German-born designer and his eponymous brand. The news follows the announcement that Maier is stepping down from his role as creative director of Bottega Veneta, a position he held since 2001, when the label was acquired by Gucci Group, now Kering.

“Mr Tomas Maier remains the owner of the Tomas Maier trademark,” Kering told WWD in a statement, before adding that the Paris-based luxury group “would do its best, over the next few months, to safeguard employment, in coordination with local unions.”

The closure of the label, which will see its two New York stores on Madison Avenue and Bleecker Street close, as well as its e-commerce platform, is expected to be complete at the end of 2019. The resort 2018 and men’s spring/summer 2019 collections have been cancelled, and the next collection allegedly won’t go into production.

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