![]() ![]() The company initially sold handbags, but eventually extended to include stationery, personal organizers, address books, shoes, beauty products, perfume, raincoats, pajamas, eyewear, and clothing. In 2004, Kate Spade operated only 13 stores in the United States, and did not ship out of the country (Cohen 198). This acquisition valued the company at $134 million. In 2006 when Neiman Marcus Group acquired the remaining 44% stake in Kate Spade for $59.4 M, revenue was reportedly near $99 million. In 1999, Neiman Marcus Group paid $34 million for a 56% stake of the company. ![]() Īfter 1998 the company began to expand, with sales totaling $27 million. recommended buying the shares because of the brand’s growth potential. Kate Spade rose in eight months after a journalist at Cleveland Research Co. In 1996, Spade's company opened its first shop in New York City's SoHo neighborhood. Her debut line infused classic shapes, colors, and fabrics into a now iconic square bag with a small black label sewn to the outside of the bag that said “Kate Spade New York.” Her main target market at this time was the upper middle class. Eventually, Andy withdrew $35,000 from his 401K account to fund the production of Katherine’s handbags. Originally, the business started out with the Sam handbag. Kate Spade New York started after a suggestion from Andy when Katherine was unsure about her next career move after working six years at Mademoiselle. Kate Spade New York was founded in 1993 by Katherine Noel Brosnahan and her husband/business partner Andy Spade. The team slowly worked their way up the social ladder until they were able to create a company that would be noticed by the public. She also researched the styles, fabrics, and potential production costs of making her own handbags. ![]() To get inspiration, Kate browsed local flea markets and secondhand stores. It was in New York that Katherine worked as a style editor for Mademoiselle, but left in 1991 (with the title of senior editor/head of accessories) to start her own handbag line. In 1986, after completing their education, the couple moved to New York City. Katherine majored in journalism, while Andy majored in architecture. It is there that she met her future husband, Andy Spade. Eventually she moved to Arizona, where she attended Arizona State University and graduated in 1985. She grew up in Kansas City and went to an all-girls Catholic high school. Katherine Noel Brosnahan (later known as Kate Spade) was born on December 24, 1962, in Kansas City, Missouri. So that’s why i asked.Temporary shop in New York Prior to company creation I understand the idea of just wearing what makes you happy, but if I did that I would wear nothing at all or pajamas all day. I value the opinions of other women, because I have no idea how to be a woman. I understand the sentiment of buying what you like and what makes you happy but to be clear… I have no clue what I like. Didn’t think this post would get a lot of traction but obviously I was wrong and y’all do have feelings about this topic. Is this true? Or is this just personal preference? I felt like I see a lot of people here buying from these particular brands all the time so I was a little surprised when she told him this.ĮDIT: Thanks guys, love reading all the opinions. When he told her that I was interested in a Kate Spade or Coach bag, she told him not to buy either brand because apparently they’re very uncool now. ![]() My fiancé was buying me a bag for Christmas (he ended up going to madewell) but before he went shopping, he asked his sister for advice. ![]()
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