The boutique was founded in 1997 by Colette Roussaux; her daughter, Sarah Andelman, took an active role as creative director and purchasing manager in the store's final years.[5]Esquire called the store "like Kith, Bergdorf Goodman, and Opening Ceremony all rolled into one."[6]
The store did €32 million in sales revenue in 2016,[3] with e-commerce accounting for 25% of revenue.[7] In December 2005, Forbes described Colette as“the trendiest store in the world”.[8]
Karl Lagerfeld said of Colette: "It’s the only shop where I go because they have things no one else has. I buy watches, telephones, jewellery there - everything really. They have invented a formula that you can’t copy easily, because there is only one Colette and her and Sarah are 200 percent involved."[11]
Closure
In July 2017, it announced its impending closure in December 2017.[11][12][13] Osman Ahmed of Business of Fashion called it "the end of an era".[5]
Sarah Andelman said they chose to close the business rather than sell it because "it was like a baby for us" and "if someone else ran it, it would not be the same."[7]