In October 2024 Proenza Schouler appointed Shira Suveyke Snyder as chief executive officer, succeeding Kay Hong who had been in the role since 2018.

[1] In January 2025 Proenza Schouler announced that McCollough and Hernandez would cease designing for the company but would remain on the board and continue to be minority shareholders.

[4] McCollough and Hernandez met while studying at Parsons School of Design, collaborating on their senior thesis, which would eventually become their first collection as Proenza Schouler.

[11][12][13] In the last quarter of 2018, Jack McCollough and Lazaro Hernandez together with the help of private investors have bought back their company's shares from Castanea Partners reclaiming full ownership of the label.

The same year, the brand partnered with Parisian department store Le Bon Marché Rive Gauche for a capsule collection and exhibition.

The exhibit allowed consumers to explore the world of Proenza Schouler through a display of 80 looks from past runway collections, a documentary about the brand, and an interactive 3-D cub installation.

Proenza Schouler once again collaborated with Harley Weir and Jen Brill in 2016 on their second original video together, PS I Love You (Ithigi Lithigove Yithigou), featuring the Pre-Fall 2016 collection.

Proenza Schouler is sold in more than 350 retailers worldwide, including Bergdorf Goodman, Harvey Nichols, Le Bon Marché, and Lane Crawford.