Reed Krakoff Buys Himself Out
There’s no shortage of Reed Krakoff in the headlines today. As the designer prepares to show his Spring ’14 collection this afternoon, yesterday news broke that Krakoff had officially acquired the majority share in his eponymous company from parent brand Coach Inc. In WWD, he called the move “simultaneously a new beginning and a culmination of something.” The price of independence? A reported $50 million—which makes us all the keener to see what he’ll send down the catwalk today.