The New York-based company that has put on the event for the past 20 years says it will stop running events in the country.

Australia’s fashion industry is reeling after confirmation the country’s leading runway event is on its deathbed.

The long journey onto the international runways for Zimmermann, Romance Was Born, Christopher Esber and Dion Lee began with models strutting their sequinned, slashed and embroidered stuff at Australian Fashion Week.

The company will now focus its efforts on its talent representation business after running fashion week for 20 years.

The New York-based company that has run the event for the past 20 years says it will stop running events in the country.