Yeonseung Apparel, operator of Korean menswear brand Clyde & N, closed after 27 years

Yeonseung Apparel, a Korean fashion company founded in 1998, closed its operations in April 2025. The company was best known for operating the Clyde & N (클라이드앤) menswear brand, which had been in the market for 27 years. All employees were let go and franchise store owners were instructed to clear out their inventory by June 2025.

The closure reflected the broader challenges facing mid-market Korean fashion brands in a rapidly changing retail environment. Traditional department store-oriented fashion companies faced declining foot traffic, rising competition from fast fashion and online-only brands, and changing consumer preferences toward casual and athleisure wear over tailored menswear.

Yeonseung Apparel's demise was part of a wave of closures in the Korean fashion industry in 2024–2025. Several other established Korean fashion brands and retailers either shut down or significantly downsized during the same period, as the industry struggled with sluggish domestic consumption, rising operating costs, and the shift to online shopping accelerated by the pandemic.