Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
One investor is taking a major bet on Crocs, the colorful plastic shoe that receives varying degrees of love and hate in the fashion community (the chef community, however, seems pretty on board). Hedge fund investor behemoth Blackstone has acquired $200 million in stock. [Hedge Co.]