Designer Phillip Lim is stepping down as creative director of 3.1 Phillip Lim, the New York-based contemporary brand he co-founded in 2005 alongside chief executive Wen Zhou, who will take sole control of the brand.
“As the brand moves into a new chapter, we are so proud of what we have built and the strength of genuine community around us … This moment marks a turning point for both of us, each with new goals and different visions for the future,” said Lim and Zhou in a joint…

