The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Frankfort: Sara Lee promised Coach freedom at $1 billion valuation
“There was a handshake between me and the CEO chairman of Sara Lee that if I could get them a billion dollars, they would give us our freedom.”
Frankfort posed as a BusinessWeek reporter to do diligence on Coach
“Where I pretended to be a Businessweek reporter and spoke to the buyer from Bloomingdale's, someone from Bonwit, someone from Macy's, and went into a handbag store on 72nd Street.”
Frankfort: Coach Madison Avenue store reached $10,000 per square foot
“We ultimately did 10,000 dollars a square foot in that space.”
Frankfort rushed Coach's IPO to keep upside away from Sara Lee
“And I wanted to get out as quickly as I could before the numbers grew so that The benefit would accrue to the coach shareholders, not to the Sarah Lee shareholders, right?”
Frankfort: Handbag loyalty stems from opening a personal vessel 50–60 times daily
“I learned that women are particularly loyal To bags. And why were they loyal? Because it's a very personal object. It's a vessel. They open 50, 60 times a day.”
Frankfort: Coach's Madison Avenue store did over $1M in year one
“And we did over a million dollars in year one.”
Frankfort: Japanese consumers spent six times more on bags than Americans
“On bags, in Japan, they spent At the time, six times as much as the average American spent.”
Frankfort: Coach priced bags at 40,000 yen vs. European rivals' 100,000 yen
“I went after the young female professional who Was looking to be emancipated, not get married right away, but travel, be independent, break the glass ceiling, and I was able to offer her a bag at 40,000 yen while the European competitors were a 100,000 yen, an…”