Lower profits at Coach Inc. last year took a toll on the pay packages of Lew Frankfort and Reed Krakoff.
Frankfort, chairman and chief executive officer, saw his compensation slip 22.1 percent to $7.5 million for the fiscal year ended June 27, while Krakoff’s pay package fell 19.9 percent to $17.9 million. Krakoff is president and executive creative director of the New York-based accessories firm. Their salaries increased to $1.2 million and $2.5 million, respectively.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)