Will show go on? 50-50 chance

Smashbox Studios says this year's Los Angeles Fashion Week may be its last.

Smashbox co-founders Dean and Davis Factor said recently that they are parting ways with fashion event organizer IMG after partnering for five years on the event.

Dean Factor says Mercedes-Benz Fashion Week, which wraps up Friday, will be Smashbox's last season with IMG, and there's a “50-50 chance” that they will continue with L.A. Fashion Week. It was unclear whether another group would continue without them.

IMG, which also produces fashion weeks in New York, Miami, London, Moscow, Berlin and other cities, did not immediately comment beyond saying “we are 100 percent focused on the current event.”

Dean Factor says Smashbox has not yet legally separated from the partnership, but calls the split mutual. He says Smashbox is working with “high-level people” toward putting on future fashion weeks in L.A.