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Most likely because Coach is sick of being relegated to the lower rungs of luxury retail, they've announced plans to develop a new line from their creative director, Reed Krakoff. Reed's new "RK" line will begin with the Fall/Winter 2010 Collection and "initially launch at stand-alone boutiques in the U.S., Hong Kong and Japan and a select number of specialty stores, with plans to rollout ten stand-alone stores, according to WWD. [StyleList]