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“We are early in our journey as Kate Spade & Company, and we see a clear path to becoming a four billion dollar business at retail,” says Leavitt. “By taking these actions, we will be able to accelerate the fulfillment of our lifestyle brand vision, expanding our product categories and reaching customers in all facets of their lives, better positioning us to deliver on Kate Spade New York’s full potential.”
Finally, Kate Spade & Company announced its partnership agreement with Walton Brown, a subsidiary of The Lane Crawford Joyce Group, to expand luxury offerings across China, Hong Kong, Taiwan and Macau.