Kate Spade news and archive

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...

Business

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...

Business

Tapestry responds to FTC's lawsuit blocking acquisition of Capri Holdings

The Federal Trade Commission (FTC) has sued to block Tapestry’s 8.5 billion dollars acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. The Commission issued an administrative complaint and authorised a lawsuit in federal court to...

Retail |In Pictures

Kate Spade New York debuts café concept in Dubai

American fashion brand Kate Spade New York has debuted its first-ever global café concept within Bloomingdale’s at Dubai Mall. The café concept has been designed to bring to life Kate Spade New York’s signature brand codes while offering customers an enhanced lifestyle experience with a menu featuring drinks and branded treats. Open until June...

BusinessPress Release

Beyond threads: Unveiling the work culture of Coach's parent company, Tapestry

In the dynamic patchwork of the global fashion industry, the fashion holding company Tapestry weaves together innovation, heritage, and a deep commitment to social responsibility. Home to iconic brands Coach, Kate Spade New York, and Stuart Weitzman, the firm is not only a beacon of luxury and style but also a leader in ethical employment...

Business

Tapestry raises profit guidance on strong Q2

Tapestry’s net sales in the second quarter totaled 2.08 billion dollars, representing growth of 3 percent on both a reported and constant currency basis. Gross profit totaled 1.49 billion dollars, while gross margin was 71.6 percent, net income was 322 million dollars and earnings per diluted share were 1.39 dollars. On a non-GAAP basis, net...

Fashion |In Pictures

Kate Spade unveils 10-metre Christmas tree in London

Kate Spade New York has unveiled a Christmas tree in the heart of Waterloo train station in London. The 10-metre-high installation has been crafted using giant branded gift-wrapped boxes in Kate Spade’s signature green hue, reminiscent of a traditional tree and incorporating the accessory brand’s “joyful, seasonal brand accents, like spots and...

BusinessFeatured

Coach parent Tapestry posts increase in Q4 profit, sales remain flat

Coach owner Tapestry has reported widening profit in the fourth quarter despite its sales remaining flat. The group, which last week announced plans to acquire rival US fashion giant Capri Holdings, made a net profit of 224 million dollars in the three months ended July 1, up from 189 million dollars a year earlier. Sales in the fourth quarter...

Fashion |Beauty

Kate Spade launches beauty collaboration with Clinique

Prestige beauty brand Clinique has unveiled its first-ever collaboration with fashion and lifestyle designer brand Kate Spade New York. The playful collaboration combines Kate Spade’s vibrant patterns, including springtime florals, stripes, kisses, and graphic polka dots with a collection of Clinique's best-selling ‘Pop Plush’ creamy lip...

BusinessFeatured

Coach parent Tapestry raises FY outlook on strong Q3

Luxury fashion group Tapestry has upped its full-year guidance after outperforming its own expectations in the third quarter of the year. The New York-based group, which owns brands Coach, Kate Spade, and Stuart Weitzman, reported a 5 percent increase in net sales to 1.51 billion dollars in the three months to April 1. The company saw strong...

Business

Tapestry appoints Alan Lau to its board of directors

Tapestry, Inc. has appointed Alan Lau to its board of directors. The appointment of Lau to the board brings the membership to eleven. Alan Lau is the chief business officer for Animoca Brands since July 2022. In this role, Lau oversees and provides support to the company’s more than 340 portfolio companies and leads M&A and business development....