fashion.broadwayworld.com

Investors Push for Kate Spade's Future

Related: Kate Spade,
Investors Push for Kate Spade's Future

It was reported Monday that Kate Spade drove shares at Fifth & Pacific Cos Inc. up 11.5%, which has led investors to overlook the continued weakness in the company's Juicy Couture brand.

Kate Spade carried the firm this year and is expected to do the same next year. Many of the investors are comparing Kate Spade to Michael Kors Holdings Ltd.'s ultrasuccessful 2010 public offering and Tory Burch, which sources say was valued at about $2.5 billion in a recent Private stock sale.

Investors are pushing to free more of Kate Spade's financial potential to keep the upward momentum. William L. McComb, CEO of Fifth & Pacific, said management is open to the idea of a different corporate structure.


"The management team and board of directors of Fifth & Pacific are committed to delivering value to our shareholders," McComb said. "This includes making resource allocation decisions today that support strong long-term growth within our current strategy as well as being thoughtful regarding alternatives to our current multibrand portfolio approach that unlock value."

As for Juicy Couture?

McComb described 2012 as a year of progress tempered by "a miss in North America caused by merchandising and other issues at Juicy Couture that we believe are now being corrected under Paul Blum's direction."



Related Links
Kate Spade & Company Names New Executive Vice President, President Of North AmericaKate Spade & Company Names New Executive Vice President, President Of North America
June 24, 2015
kate spade new york Teams Up with True Fit for katespade.comkate spade new york Teams Up with True Fit for katespade.com
June 03, 2015
High-End Fashion Weekend to Debut in Las Vegas in SeptemberHigh-End Fashion Weekend to Debut in Las Vegas in September
May 18, 2015
Kate Spade & Company Plans to Expand In Latin AmericaKate Spade & Company Plans to Expand In Latin America
May 07, 2015
Kate Spade Saturday Designs Collection for West ElmKate Spade Saturday Designs Collection for West Elm
December 18, 2014


About Author

   Subscribe to Author Alerts


FASHION VIDEOS


Become a Fan, Follower & Subscriber

           Facebook Like Follow