Centric Brands has purchased the Zac Posen brand and all related intellectual property previously held by Z Spoke, LLC. As part of the transaction, Centric acquired all existing licenses and collaboration agreements from the predecessor business. Centric will not assume any liabilities associated with the predecessor business.

Posen is expected to continue advising on all facets related to the creative and strategic direction, marketing and promotion of the Zac Posen branded businesses. The existing Zac Posen brand licenses include women’s handbags, small leather goods, and cold-weather accessories including hosiery and legwear, which Centric Brands currently manufactures and produces, in addition to bridal, fine jewelry, men’s and women’s eyewear (Kenmark Eyewear), and women’s footwear.