Phillip Lim exits namesake brand

Phillip Lim is stepping down as creative director of 3.1 Phillip Lim, the brand he co-founded with his friend and business partner Wen Zhou in 2005. Zhou will carry the brand forward as sole owner and CEO, while Lim pursues “new ventures”.

The co-founders said it marked a natural turning point for them both. “It is with great respect and gratitude for each other and our long partnership that we have