**Trailer: The Evolution of Proenza Schouler**
In a surprising turn of events, Proenza Schouler, the iconic New York-based luxury brand, is undergoing a major transformation as its founders, Jack McCollough and Lazaro Hernandez, step down after two decades of shaping the fashion landscape. Known for their innovative designs and modern aesthetic, the duo has left an indelible mark on the industry. As the brand prepares for a new chapter, the fashion world watches closely to see how Proenza Schouler will redefine itself in an ever-evolving market.

**Digest:**
The Business of Fashion (BoF) is a leading platform offering in-depth analysis, news, and insights into the global fashion industry. It covers a wide range of topics, including retail, luxury, technology, sustainability, and more. BoF provides exclusive content, case studies, masterclasses, and career resources for professionals in the fashion world.

In a recent development, Proenza Schouler, a prominent luxury brand founded by Jack McCollough and Lazaro Hernandez, announced the departure of its founders after 20 years. The brand, known for its contemporary designs and influence in the fashion industry, is now entering a new phase. This news marks a significant moment in the brand’s history and raises questions about its future direction. BoF continues to deliver agenda-setting intelligence and analysis, keeping the global fashion community informed and engaged.