By  on August 2, 2013

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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus