Los Angeles, CA (CNS) – Los Angeles Fashion Week, like all other fashion weeks, includes fashionable people, free drinks and after-parties. Last year’s fashion week went smoothly, but rumor has it it might not be coming back to L.A. next year.
It’s reported that SmashBox Studios, which is the location of LAFW announced its five-year partnership with IMG World to produce the fashion week was coming to an end. Smashbox told the Wall Street Journal they’d like to put the show on next year, but with the financial crisis abound, no one knows if anyone will have enough to produce it next year – it costs about $1 million to produce L.A. Fashion Week.
Dean and Davis Factor, the co-owners of Smashbox, reportedly wanted to relocate fashion week closer to Hollywood, but “New York is [IMG’s] big focus and it’s difficult with everything they have going on all over the world. It would be hard for them to do LA on the level they do New York. My brother and I can.”
LAFW is a small event compared to New York, Paris, Milan and London fashion weeks. L.A. showed 23 designers at their show last year, while New York had 81 designers, not including off-site designers like Marc Jacobs.
Regardless, according to the Los Angeles Times, the Factor brothers remain committed to putting on a fashion week in 2009. They are currently scouting locations in Hollywood.