bought Kate Spade & Company in July 2017 for $2.4 billion. As of January 2017, Kate Spade New York also debuted an exclusive collection with Williams Sonoma, including dinnerware, glassware, and flatware. Kate Spade Home products are also sold at Bed, Bath and Beyond.
Kate Spade New York handbags, clothing, jewelry, accessories, and home products can be found in these major department stores. Kate Spade New York Products are also sold in major department stores including Nordstrom, Macy's, and Dillard's. The outlets offer Kate Spade New York handbags, clothing, jewelry, and accessories at a discounted price. The brand has over 47 outlet locations across the United States.
Kate Spade expanded their retail stores to include Kate Spade New York Outlets. Andy Spade was initially in charge of company operations, but, in 2007 after the sale of the company, operational control was turned over to Liz Claiborne. bought Kate Spade for about $124 million from Neiman Marcus Group. In November 2006, apparel giant Liz Claiborne Inc. Kate and Andy went from taking “the nothing black bag” to a creative personalized purse, now they create merchandise from the simple tote to home decor and bedding. Kate Spade has over 180 stores around the world, and is sold in more than 400 stores worldwide (Cohen 198). was worth $70 million, not including the complementary company Jack Spade. Products are easily and continuously shipped around the world. The business’ clothing and handbag lines are featured in retail stores all across America. The company initially sold handbags, but eventually extended to include stationery, personal organizers, address books, shoes, beauty products, perfume, raincoats, pajamas, and eyewear clothing. In 2004, Kate Spade operated only 13 stores in the United States, and did not ship out of the country (Cohen 198). In 2006, Neiman Marcus Group acquired the remaining 44% stake in Kate Spade for $59.4 M, valuing the company at $134 M. In 1999, Neiman Marcus Group paid $34 million for a 56% stake of the company. By 2006, revenue was reportedly near $99 million. The company started from nothing, and after 1998 it started to expand, with sales totaling $27 million. recommended buying the shares because of the brand’s growth potential. Kate Spade rose in eight months after a journalist at Cleveland Research Co. In 1996, Spade's company opened its first shop in New York City's SoHo neighborhood. Her debut line infused classic shapes, colors and fabrics into a now iconic square bag with a little black label sewn to the outside of the bag that said “Kate Spade New York.” Their main target market at this time was the upper middle class. Eventually, Andy withdrew $35,000 from his 401K account to fund the production of Kate's handbags. Originally, the business started out with the Sam handbag and was only making colorful lively bags for consumers. Kate Spade New York started after a suggestion from Andy when Katherine wasn't sure about her next career move after logging six years at Mademoiselle. Kate Spade New York was founded in 1993 by Katherine Noel Brosnahan and her husband/business partner Andy Spade. The team slowly worked their way up the social ladder until they were able to create a company that would be noticed by the public. She also researched the styles, fabrics, and potential production costs of making her own handbags. To get inspiration, Kate browsed local flea markets and secondhand stores. It was in New York that Katherine worked as a style editor for Mademoiselle, but left in 1991 (with the title of senior editor/head of accessories) to start her own handbag line. In 1986, after completing their education, the couple moved to New York City. Katherine majored in journalism, while Andy majored in architecture. It is there that she met her future husband, Andy Spade. Eventually she moved to Arizona, where she attended Arizona State University and graduated in 1985. She grew up in Kansas City and went to an all-girls Catholic high school. Katherine Noel Brosnahan (later known as Kate Spade) was born on December 24, 1962, in Kansas City, Missouri. Temporary shop in New York Prior to company creation
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