Reed Krakoff closing NYC boutiques

It was the news that shocked the fashion industry last March when Reed Krakoff announced he would be suspending his label entirely. Now, the reality of the situation is coming full frontal as Krakoff prepares to close his NYC boutiques. When the news of Krakoff suspending his label was first announced it was made clear that no liquidation sales would occur, and the brand would continue to operate on a typical retail schedule throughout summer.