July 30, 2007
Kate Spade says goodbye to Kate Spade
â€œThis is a hard decision, and I feel very emotional about it. But the emotions would be more about melancholy if I thought we weren’t doing the right thing. We are with the right partners – we wouldn’t make this decision otherwise. This an opportunity for employees, the fabulous teams we have in place, to take the baton and run away with it.” â€“ Kate Spade
The accessory label was founded in 1993 by husband and wife team Kate and Andy Spade. But back in November the two have been talking about calling it quits.
Since Liz Claiborne bought-out Kate Spade it turns out that since then Mrs. Spade has been unhappy with the transition and has decided to exit her own line, immediately. Andy will stay and continue to work until the end of the year.
How can there be a Kate Spade label without the creativity of Kate Spade? Anyone think this will last or die off now that itâ€™s under the Liz Claiborne umbrella?