Kate Spade & Co

Apparel and textile industry company news

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US: Kate Spade completes Hong Kong South East Asia deal Michelle Russell | 12 Feb 14

Fifth & Pacific Companies subsidiary Kate Spade has completed the acquisition of its Hong Kong South East Asia business from long-term distribution partner Globalluxe.

US: Fifth & Pacific closes $225m Lucky Brand sale Katie Smith | 4 Feb 14

Fifth & Pacific Companies has completed the sale of Lucky Brand Jeans to an affiliate of private equity firm Leonard Green & Partners, in a deal worth US$225m.

JAPAN: Fast Retailing makes senior Uniqlo appointments Michelle Russell | 15 Jan 14

Fast Retailing has made a number of appointments to the senior leadership team of its Uniqlo casual clothing chain.

GREECE: Folli Follie inks Juicy Couture distribution deal Katie Smith | 14 Jan 14

Greek fashion company Folli Follie has reached an agreement with Authentic Brands Group to assume the exclusive wholesale and retail distribution rights for the Juicy Couture brand in Continental Europe, the UK, Ireland and Cyprus.

US: Fifth & Pacific unveils name change, McComb to exit Katie Smith | 10 Jan 14

Apparel giant Fifth & Pacific Companies will change its name to Kate Spade & Company this year to reflect its single-brand focus, with Craig Leavitt to take the helm.

US: Former Guess exec joins Lucky Brand as CEO Michelle Russell | 13 Dec 13

Lucky Brand Jeans has appointed former Guess executive Carlos Alberini as its chief executive officer.

In the money: Fifth & Pacific finally flying solo Katie Smith | 12 Dec 13

Apparel giant Fifth & Pacific has finally become a mono-brand company focused on its Kate Spade line after firming a deal to sell its Lucky Brand Jeans unit to an affiliate of private equity firm Leonard Green & Partners.

US: Fifth & Pacific to sell Lucky Brand for US$225m Katie Smith | 10 Dec 13

Apparel giant Fifth & Pacific Companies has agreed to sell its Lucky Brand Jeans business to an affiliate of private equity firm Leonard Green & Partners, for US$225m, to focus on its popular Kate Spade label.

US: Juicy Couture CEO Blum to depart Katie Smith | 20 Nov 13

Juicy Couture chief executive officer Paul Blum is to leave the business after just a year at the helm, following its sale to Authentic Brands.

US: Fifth & Pacific to end Juicy Couture flagship lease Katie Smith | 20 Nov 13

US apparel group Fifth & Pacific Companies has agreed to terminate the lease on its flagship Juicy Couture store in New York in exchange for US$51m, increasing the expected proceeds from the sale of the brand to $175-185m.

US: Fifth & Pacific narrows Q3 loss on higher sales Leonie Barrie | 7 Nov 13

Apparel company Fifth & Pacific has lowered the upper end of its full-year targets after recording another large loss in the third quarter of the year.

just-style's research roundup Liz Hague | 14 Oct 13

Featured reports from just-style's research store this week include a strategy and SWOT report on Fifth & Pacific Companies, prospects for the textile and clothing industry in Bangladesh, and a look at apparel in Turkey.

just-style's most read stories this week... Katie Smith | 11 Oct 13

The most-read stories on just-style this week include questions over the safety of Bangladesh's textile and garment industry after a fire in a fabric mill killed at least nine workers, and the US$195m sale of Juicy Couture to Authentic Brands Group.

Juicy Couture sale narrows Fifth & Pacific focus Richard Woodard | 8 Oct 13

Fifth & Pacific Companies – perennially subtitled as “the business formerly known as Liz Claiborne” – could soon be a single brand company if the industry rumour mill has it right.

US: Fifth & Pacific sells Juicy Couture brand for $195m Katie Smith | 7 Oct 13

Fifth & Pacific Companies is to sell its struggling Juicy Couture brand to Authentic Brands Group for US$195m, in a move that leaves it to focus on the popular Kate Spade line.

Spotlight on...What do fashion consumers really want? Katie Smith | 4 Oct 13

What do consumers really want from their fashion products and shopping experience? That was the question industry experts attempted to answer this week - with their conclusions suggesting retailers need to offer value, quality and convenience to shoppers, preferably all at the same time. Another challenge is for retailers to engage with their customers online or in-store to make sure they keep returning. Katie Smith reports.

NICARAGUA: ILO Better Work programme boosts apparel Leonie Barrie | 16 Aug 13

Since its introduction in the country three years ago, the International Labor Organization's (ILO) Better Work programme has been credited with helping elevate Nicaragua as an ethical sourcing location and a major player in the global apparel industry.

In the money: Fifth & Pacific hit by weak growth at Lucky Brand Petah Marian | 9 Aug 13

US clothing company Fifth & Pacific has admitted its second quarter results were weaker than expected as sales growth slipped at its denim label Lucky Brand.

GERMANY: Gerry Weber names Schmidt as VP, international sales Petah Marian | 9 Aug 13

German clothing brand Gerry Weber has named Andreas Schmidt as vice president of international sales.

US: Fifth & Pacific Q2 loss narrows as sales lift Richard Woodard | 8 Aug 13

Fifth & Pacific Companies remains “on track” to hit its fiscal 2013 targets despite recording another large loss in the second quarter of the year, according to its CEO.

US: Fifth & Pacific to sell Lucky to Advent? Katie Smith | 23 Jul 13

Fifth & Pacific Companies is reportedly in late-stage talks to sell its Lucky brand to private equity firm Advent International for an undisclosed sum.

US: Gymboree names Levi Strauss exec as new COO Katie Smith | 20 Jun 13

Children's apparel retailer The Gymboree Corporation has appointed Levi Strauss & Co executive Joelle Maher as the company's new chief operating officer.

US: Kate Spade wins Saturday trademark dispute Katie Smith | 19 Jun 13

Fifth & Pacific subsidiary Kate Spade has won a trademark dispute related to the name and logo of its newest clothing brand, Kate Spade Saturday.

UK: Hunter Boot adds to senior management team Katie Smith | 18 Jun 13

The owner of the iconic Hunter wellington boot brand has announced a series of appointments to its senior team, including former Burberry executive Niall Sloan as global design director.

In the money: First plans emerge from new JC Penney CEO Katie Smith | 17 May 13

Mike Ullman, the man who has returned to turn around department store retailer JC Penney following the departure of Ron Johnson last month, has outlined the first of his plans to improve the ailing business.

US: Fifth & Pacific Q1 losses narrow on sales growth Katie Smith | 2 May 13

Apparel firm Fifth & Pacific has seen its first-quarter loss narrow, after strong sales growth at Kate Spade and Lucky offset a decline in sales at Juicy Couture.

US: Columbia Sportswear names Cox to lead retail Katie Smith | 30 Apr 13

Outdoor apparel footwear firm Columbia Sportswear has appointed former Mexx executive Shawn Cox to the newly-created position of senior vice president of retail.

US: Children's Place CFO Scarpa adds COO title Katie Smith | 25 Apr 13

Children's wear retailer The Children's Place has appointed its chief financial officer Michael Scarpa to the additional post of chief operating officer.

UK: Virtual fitting room provider adds GBP5m in funding Katie Smith | 23 Apr 13

Virtual fitting room provider Fits.me has received around GBP5m (US$7.6m) in funding from new and existing investors, which it will use to support its expansion.

GUATEMALA: Agrees enforced labour laws under DR-CAFTA Leonie Barrie | 12 Apr 13

The Guatemalan government has agreed to enforce its labour laws - finally resolving a complaint filed in 2008 by the US government under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA).






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