The rise of LA fashion was the talk of Saks dinner – WWD | Bot To News


Saks Fifth Avenue toasted Los Angeles on Wednesday night, hosting a dinner for friends and customers at new hot spot Caviar Kaspia.

The retailer will turn its attention to the market next year when it takes over the former Barneys New York building on Wilshire Boulevard, opening its Saks store there in fall 2023.

Nor is Saks giving up its current building, which it plans to use for other projects.

“LA is such an important market and if you’re not careful, you can be living in a bubble in New York. It’s been part of Saks almost as long as Saks has been Saks. It was one of our first stores,” said CEO Marc Metrick.

“We’re investing in the market, we took the Barneys building and the parking lot adjacent to it… This is a market for us that was underdeveloped and it’s important. Look at what all the brands are doing in Rodeo. We’re not alone here,” he continued.

In fact, Moët Hennessy Louis Vuitton is in the midst of developing a nine-story Cheval Blanc Hotel on Rodeo Drive, where it also bought the Luxe Hotel building and just opened its first LA Loewe store; Dior is set to open a four-story boutique and restaurant soon, and Chanel is about to build its boutique, which will be one of the brand’s largest in the world.

Emma Roberts and her boyfriend Cody John, Ava Phillippe, Alexandra Shipp, Kathy Hilton, Anita Ko and others sat under the stars at the restaurant, sipping champagne and eating caviar baked potatoes with hand-lettered spoons.

Emma Roberts

Emma Roberts

Sydney Jackson/BFA.com

The talk was about crazy fashion news from the end of the year, including disturbing Balenciaga ad campaigns (“I think the brand is done, right?” said one guest) and Alessandro Michele’s surprise departure from Gucci.

People who spotted the designer in Los Angeles a few weeks ago for the LACMA Art + Film gala said they saw no sign of him leaving, but suggested he would land on his feet, perhaps even “pulling a Tom Ford” and launch his brand own, which proved to be quite lucrative.

LA’s continued rise has been a hot topic, from the upcoming Celine and Versace catwalks here, to the continued store openings, which don’t seem to be stopping in 2023. Beauty entrepreneur Tina Craig has revealed that she will be spending a lot more time in LA. , as it is opening its first U Beauty store here.

“This is my second time here in a month and my wife is starting to ask questions,” Metrick joked during his toast to the crowd, referring to an event he hosted with Sarah Staudinger de Staud a few weeks ago at Tony Duquette’s Dawnridge. He continued: “Enjoy the night, enjoy the carbs. It’s fine when they’re French.”



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