Kate Spade & Company

Kate Spade & Company

KATE
Kate Spade & CompanyUS flagNew York Stock Exchange
18.49
USD
-0.01
- -
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Consumer Cyclical
Industry
Luxury Goods
Address
IPO Date
Jun 9, 1981
Business
Kate Spade & Company (KATE), a subsidiary of Tapestry, Inc., designs and markets a global lifestyle brand encompassing premium women's handbags, apparel, footwear, jewelry, watches, accessories including wallets, belts, scarves, sunglasses, tech cases and bag charms; fragrances; and home goods such as bedding, dinnerware and decor under the Kate Spade New York label. Founded in 1993 and headquartered at 2 Park Avenue in New York City, the company originated with six essential handbags and has expanded operations worldwide through over 180 stores and distribution in more than 400 retailers across the United States, Europe, Asia and other regions, targeting upper-middle-class and millennial consumers with optimistic femininity and playful sophistication. Formerly Liz Claiborne Inc. since 1976 and Fifth & Pacific Companies until 2014, it was acquired by Coach Inc. (now Tapestry) in 2017 for $2.4 billion; recent developments include Tapestry's appointment of Eva Erdmann as CEO and Brand President in October 2024 succeeding Liz Fraser, a $855 million non-cash impairment charge in 2025 amid sales challenges and turnaround efforts, divestiture of Stuart Weitzman in 2025 to focus on core brands like Kate Spade, launch of the Kate Spade x Target collection in 2025 featuring over 300 affordable items, and initiation of the Global Fund for Women's Mental Health in September 2024. The company closed Jack Spade menswear stores in 2015 and Kate Spade Saturday in prior years to streamline focus on the flagship brand, while sustaining partnerships like the On Purpose Fund with Tides Foundation and Abahizi Rwanda for social impact.