It's the end of an era, as the renowned Parisian concept store colette is shutting down after 20 years. "As all good things must come to an end, after 20 wonderful years, Colette should be closing its doors on Dec. 20 of this year," the store said in a statement. "Colette Roussaux has reached the time when she would like to take her time; and Colette cannot exist without Colette." Roussaux, who founded the store back in 1997, and currently runs colette with her daughter Sarah Andelman, is evidently ready to retire. Talks are already under way for Saint Laurent to take over the three-story, 8,000-square-foot space.