Around Town - Fred Leighton Opens On Rodeo Drive

How does this happen?
Seriously, I want to know.
How does a company that is basically bankrupt open a store on the priciest real estate in the US.?

First there is the chapter 11 auction mess between Christies, Merrill Lynch and Ralph Esmerian.

Next we get Peter Bacanovic brought in to run the company.

Then the Fred Leighton Store on Rodeo Drive.

Being a good neighbor, also on the 300 block of Rodeo, I stopped into the store this week.

And I was duly impressed.

The goods are gorgeous and the store is sumptuous.

And...having Fred Leighton across the street is great for my business...