About Kate Spade Holdings LLC
Kate Spade Holdings LLC is a designer and marketer of accessories and apparel under the kate spade new york and Jack Spade banners. The company operates about 220 specialty shops and outlet stores in the US and abroad, and also sells apparel and accessories online and to department stores. It also owns the Adelington Design Group and supplies JC Penney stores with the Liz Claiborne and Monet jewelry lines. To reflect its mono-brand focus, the company (formerly Fifth & Pacific) changed its name in 2014 and discontinued its once-premium brands of Liz Claiborne, Juicy Couture, and Lucky Brand. In 2017 luxury accessories company Coach (now Tapestry) bought Kate Spade for $2.4 billion.
Kate Spade works through three main segments. Kate Spade North America (83% of net sales) consists of the kate spade new york and JACK SPADE brands in North America. Kate Spade International (15%) consists of kate spade new york and JACK SPADE brands in international markets (principally in Japan, Asia (excluding Japan), Europe and Latin America). Finally, its Adelington Design Group segment (2%) offers exclusive arrangements to supply jewelry for its Liz Claiborne and Monet brands and license the Lizwear and Liz Claiborne New York brands.
New York-based Kate Holdings LLC rings up about 80% of its sales in the US. The retailer operates about 168 specialty and outlet stores in the US and another 35 overseas, including about 50 locations in Japan.
The company has narrowed its focus considerably, having sold in 2014 its Lucky Brand Jeans business to an affiliate of
In 2015, the company discontinued its Kate Space Saturday as a standalone business and also announced a new business model for Jack Spade to leverage the distribution network of its retail partners and expand its e-commerce platform. All of Kate Space Saturday's company-owned and three-partnered store locations were closed in addition to Jack Spade's company-owned stores.
In 2016, Kate Spade and Reliance Brands Limited, a renowned retail partner-of-choice in India, signed an agreement to bring the Kate Spade New York brand to India through a long-term distribution and retail license agreement. Under the terms of the agreement, Reliance Brands Limited will have the exclusive distribution rights to the Kate Spade New York brand brand in the country. The deal was part of company's strategy to expand geographically and build global brand engagement.
2 PARK AVE
New York, NY 10016-5613
Phone: 1 (212) 354-4900
Employer Type: Publicly Owned
President and COO: George Carrara
Chairman: Nancy J. Karch
Interim CEO: Victor Luis
Employees (This Location): 420
Employees (All Locations): 3,900