NEW YORK — Reed Krakoff is buying his namesake business from Coach Inc. for $10 in cash — proof, if any was needed, that it’s tough to build equity in a designer business even when backed by a powerhouse.
Under the deal inked July 29, Krakoff will also assume debts tied to the business and issue Coach 15 percent of the business’ “common membership interests.” Coach will also receive “convertible preferred membership interests” representing another 20 percent of the membership interest.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)