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How The Ace Hotel Will Save LA Fashion, Beverly Hills Centennial Rose Float, Loehmann's Is Closing

DOWNTOWN: Ace Hotel DTLA opens next Monday, January 6. Racked reveals why the fashion world is excited about the opening and how it could possibly save LA Fashion Week.

PASADENA: Here's the Rose Parade's Beverly Hills float in all its flowery glory. Paying tribute to BH's centennial celebration, the decorated platform features some of the ritzy city's most iconic imagery.

EVERYWHERE: All Loehmann's stores are closing. After declaring bankruptcy twice over the last two decades, the 92-year-old designer discount chain has finally filed for Chapter 11 bankruptcy and shutting its doors.
· Racked LA [Official Site]