$7,000 Suits by Kiton now at Saks Fifth Avenue

(Above: generated image of what to expect from the new Kiton boutique at Saks Fifth Avenue)

Saks Fifth Avenue will be unveiling an impressively luxurious Kiton boutique in the New York department store by February 26. The boutique has marble flooring and views of the Rockefeller Center ice-skating rink.

President and chief merchandising officer for Saks, Ronald L. Frasch, is certain that the man who’s willing to spend $7,000 on a suit is still out there. Quit logical, I suppose, since $7,000 seems quite a bargain compared to the $21,025 for a made-to-order version.

“At the end of the day the customer is searching for value. And value isn’t just in the price,” said Saks senior vice president and general merchandise manager for men’s wear and home furnishings, Tom Ott.

Kiton is one of the most exclusive suit makers in the world, with 330 skilled tailors who hand create each garment. Supposedly the suits will “fit like a second skin,” and be able to completely de-wrinkle even after being crushed into the crevice of an airplane seat after a long journey.

• Source: NYT