Daily Archives: April 23, 2013

So Reed Krakoff, executive creative director and president of Coach, the man who – along with CEO Lew Frankfort – built it into the $4.76 billion brand, is leaving after almost 16 years. Or will be leaving soon: officially, he steps down in June of 2014 when his current contract is up, which also happens to be just after Mr Frankfort retires as CEO (last September he announced he was leaving at the end of this year). Those are the facts; so what do they all mean?

 

Ledbury Research is releasing its latest Luxury Market Insights report, which includes a CEO Outlook study tomorrow, and guess what? Those chief execs aren’t totally convinced the Chinese consumer demand for luxury, which has been slowing, will zoom back, despite what they often say.