Colette, the apex of Parisian Fashion, is set to close its doors for the final time on December 20th. The boutique, founded in 1997 by Colette Roussaux, has long been a strong advocate of new emerging labels as well as collaborating with the highest names in fashion & design. A statement released Wednesday read “As all good things must come to an end, 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”, referring to the store requiring its founder. It is believed Saint Laurent is set to take over the space on Rue Saint Honore.