Kate Spade news and archive

Kate Spade New York to launch affordable collection with Target

American fashion and lifestyle brand Kate Spade New York, known for its colourful and quirky aesthetic, is teaming up with Minneapolis-based retailer Target to launch an exclusive limited-time affordable collection of fashion, home and entertaining essentials. The Kate Spade New York x Target collection, launching on April 12, features more than...

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Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...

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Tapestry Q1 ‘outperforms expectations’, ups fiscal 2025 outlook

Coach-owner Tapestry “outperformed expectations” for the first quarter of the year, according to CEO Joanne Crevoiserat, who said the results showcased “the brand magic and operational excellence that fuel our strategic growth agenda”. For the quarter ended September 28, 2024, the company’s net sales totaled 1.51 billion dollars, in-line with...

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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?

On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...

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US court blocks Coach owner's 8.5 billion dollar buyout of Versace parent

A US judge on Thursday blocked fashion group Tapestry's 8.5 billion dollar deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition. The deal, seen as an attempt to create a new global fashion giant to compete with European powerhouses, was halted by a federal court in New York after...

Fashion

Kate Spade and M&M's launch a special, limited-edition collection

Lifestyle brand Kate Spade New York has partnered with iconic candy brand M&M’s to create a special limited edition capsule collection. Inspired by the worlds of candy and fashion, the M&M’S x Kate Spade New York capsule collection features handbags, jewelry, and accessories that combine design elements from both brands. "Kate Spade New York has...

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Tapestry's Capri Holdings acquisition faces FTC opposition

The fate of Capri Holdings, the parent company of Michael Kors, is on hold following an ongoing Federal Trade Commission (FTC) lawsuit challenging Tapestry's proposed 8.5 billion dollar acquisition of the group. According to the FTC, the merger of the Coach and Kate Spade brands, owned by the multinational holding company Tapestry, with Michael...

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Coach parent Tapestry's Q4 earnings beat analysts' expectations

Tapestry, owner of Coach, Kate Spade, and Stuart Weitzman brands reported net income of 217 million dollars, with earnings per diluted share of 92 cents. Analysts surveyed by Bloomberg expected the company to report earnings per share of 88 cents. The company's net sales of 1.59 billion dollars, declined by 2 percent on a reported basis for the...

People

Tapestry hires Eva Erdmann to take over as CEO of Kate Spade brand

Tapestry has appointed Eva Erdmann as CEO & brand president of Kate Spade. Erdmann, the company said in a release, will join the brand in October, succeeding Liz Fraser, who is leaving the business in September. Upon her arrival, Erdmann will report directly to Joanne Crevoiserat, chief executive officer of Tapestry, Inc. and will become a...

Retail

Kate Spade New York opens first dedicated jewellery store in London

Padding Square Shopping Centre is now home to the first-ever standalone jewellery store of premium brand Kate Spade New York, which has taken to the newly opened London shopping destination with a freshly created store design. While integrating the brand’s signature colour palette of “Kate Spade green”, which contrasts with black and cream hues,...

Fashion |In Pictures

Kate Spade unveils Heinz capsule collection

American fashion brand Kate Spade New York has unveiled a red-hot capsule collection in collaboration with food giant Heinz. The limited-edition Heinz x Kate Spade collection draws inspiration from both brands’ signature DNA, combining Heinz’s iconography and unmistakable ketchup red colour and Kate Spade’s colourful and joyful styles. The...

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Coach parent Tapestry posts Q3 revenues of 1.48 billion dollars

Tapestry’s third quarter net sales declined 2 percent to 1.48 billion dollars. Gross profit totaled 1.11 billion dollars, while gross margin was 74.7 percent. For fiscal 2024, the company forecasts revenue of over 6.6 billion dollars, approximately in-line with prior year on a reported basis and representing growth of approximately 1 percent on...