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 Vox.com, 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.
Gen Art is having serious financial troubles. The company, which traditionally opens LA fashion week with its up-and-coming talent showcases, hopes to raise $250,000 at a benefit tomorrow night; founder Ian Gerard told WWD that they need an additional $500,000 in investment capital to survive. Past LA honorees include Society for Rational Dress, Geren Ford and Rodarte. [WWD, subscription req]