Carol Lim and Humberto Leon opened Opening Ceremony in downtown New York in 2002, designing their own products while championing emerging labels. Its Tokyo store in Shibuya was ranked the fourth-best store in the world by Complex in 2013. The brand collaborated with Chloë Sevigny, Spike Jonze, Maison Margiela and Disney, and often replaced runways with performance art and drag-cast shows.
In 2011 Lim and Leon became co-creative directors of Kenzo under LVMH, stepping down in 2019 after reacquiring their brand. In January 2020 Opening Ceremony was acquired by New Guards Group, a Farfetch subsidiary, and the retail stores closed that year; later collections continued under New Guards.