Cookie banner

This site uses cookies. Select "Block all non-essential cookies" to only allow cookies necessary to display content and enable core site features. Select "Accept all cookies" to also personalize your experience on the site with ads and partner content tailored to your interests, and to allow us to measure the effectiveness of our service.

To learn more, review our Cookie Policy, Privacy Notice and Terms of Use.

clock menu more-arrow no yes mobile

Filed under:


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, 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.

Reed Krakoff, the departing creative director of Coach, is buying his namesake brand from the company. Terms were not disclosed. Coach's quarterly earnings show the brand is not doing so great. Although sales rose a healthy 9% (after adjusting for currency fluctuations), net income for the quarter fell year-on-year by 12%, from $251.4 million to $221.3 million. The company says it is "not satisfied" with the results. [WWD]