What does it take to become the next Fashion Star? Nicole Richie and Elle Macpherson weigh in

Heidi Klum, I love you. I really do. “Project Runway” has been a stylish, dependable friend these past few years. But ever since I heard about the premise of “Fashion Star,” I’ve been anxiously awaiting this feat of instant gratification. In each episode, buyers from Saks, Macy’s, and H&M bid on contestants’ designs, which will then be available in stores THE NEXT DAY. The designers are challenged with making wearable clothes (blazers, jeans, cocktail dresses), not art pieces. And while there will surely be flame-throwing personalities on display (this is reality TV, after all), the purpose is also a peak inside the real business of fashion. We stopped by the premiere party at Macy's to talk to the buyers and designers, as well as host and executive producer Elle Macpherson and mentors Nicole Richie and John Varvatos (Jessica Simpson was too pregnant to make the East coast fete.) See what they think makes “Fashion Star” shine and let us know if you agree.

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