BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

The Business of Fashion Touches Down in Los Angeles

In celebration of our latest special print edition examining the business of fashion in America, BoF gathered together the designers, creative leaders and entrepreneurs turning Los Angeles into a fashion and culture epicentre.
Tom Ford, Imran Amed, Katherine Ross and Michael Govan | Source: Matt Winkelmeyer/Getty Images
  • BoF Team

LOS ANGELES, United States — "There are more creative people here than in any place at any time at any time in the history of human beings," said Los Angeles County Museum of Art director Michael Govan in a toast at a dinner celebrating The Business of Fashion's latest print issue, "America," at the museum's Ray's and Stark Bar, co-hosted with his wife Katherine Ross and BoF founder and chief executive Imran Amed. "This is a very special time and place and that's represented by so many people I know here."

The symbiotic relationship between art and fashion in Los Angeles was impossible to miss at LACMA on Thursday night, as creative and business leaders from across the sprawling city came together at a convivial dinner with designers, artists and industry leaders including Tom Ford, Richard Buckley,, Lucky Blue Smith, Maye Musk, Greg Chait, Angelique Soave, Rosetta Getty, Kate Mulleavy, Lisa Marie Fernandez, Paola Russo, Karla Welch, Ilaria Urbinati, Stuart Miller, Rachel Zoe, Nick Fouquet and Josh Peskowitz.

Over dinner, many attendees commented on LA's recent transformation into a cultural epicentre, with LACMA serving as a powerful tentpole. “One of the great things about Los Angeles, because it’s nurturing so many creatives in the arts, is the chance for different designers and artists to interact and have a really great dialogue,” said Rodarte designer Kate Mulleavy.

For many guests, the city's distance from New York fashion is a creative boon. "We have the ability to be outsiders even if we're in a very big city and a very popular city," said designer Clare Vivier. "Even the nature and the geography of the city… we can't even feed off each other that much, because we are not that close," added Scott Sternberg.

Elder Statesman founder Greg Chait said that distance, especially within the city, “has a huge impact” on the work coming out of Los Angeles-based brands. “It all feels really unique…I think we bring optimism to the fashion industry.”

Former fashion editor Josh Peskowitz, who opened the menswear store Magasin in Culver City’s newly developed Platform shopping centre in 2016, also highlighted the advantages for young entrepreneurs in Los Angeles. “Because of the economic conditions in New York right now, the amount of money that is flowing into the real estate market… it is very difficult for someone who is self-financed, entrepreneurial and hungry to try something new there,” he said. “You can come here, you can try something new, you can fail and it won't ruin you.”

“Los Angeles represents a lot of people who dream big and dream differently,” said Katherine Ross. “It’s really nice to have this fashion community that thinks differently.”

If there is any lesson to learn from the current disruption facing the US fashion industry, it is that there has never been a better time to take risks. “It goes without saying that there is political upheaval and turmoil, but there is also technological change, there is cultural change, there is change in the retail landscape,” said BoF founder Imran Amed in his own remarks.

“When things are changing and everything is moving, that's when we need to seize the opportunities,” he said. The Los Angeles fashion community is certainly proof that the benefits of working outside the mainstream system have never been so clear.

The “America” issue was supported by QIC Global Real Estate.

Lucky Blue Smith, Imran Amed and | Source: Matt Winkelmeyer/Getty Images

Tom Ford and Rachel Zoe | Source: Matt Winkelmeyer/Getty Images

Maye Musk, Imran Amed, Kate Mulleavy, and Katherine Ross | Source: Matt Winkelmeyer/Getty Images

QIC's Stuart Miller and Skye Fisher with David Bush | Source: Matt Winkelmeyer/Getty Images

Nick Fouquet, Katherine Ross, and Nina Garduno | Source: Matt Winkelmeyer/Getty Images

Michael Lynton, Katherine Ross, and Michael Govan | Source: Matt Winkelmeyer/Getty Images

Karla Otto and Juan Carlos Obando | Source: Matt Winkelmeyer/Getty Images, Nick Fouquet, and Stephanie Simon | Source: Matt Winkelmeyer/Getty Images

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.

Join us for our next #BoFLIVE on Thursday, February 16 at 15:00 GMT / 10:00 EST, based on our latest case Study How to Build a Profitable DTC Brand. BoF’s deputy editor Brian Baskin along with DTC correspondent Malique Morris and chief marketing officer of UK-based beauty brand Trinny London, Shira Feuer explore blueprints for growing a profitable brand.

The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.

view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
The Business of Beauty - Global Forum
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy and Accessibility Statement.
The Business of Beauty - Global Forum