Home / Knowledge / News / Apparel/Garments / Fifth & Pacific changes name to Kate Spade & Company
Fifth & Pacific changes name to Kate Spade & Company
10
Jan '14
Fifth & Pacific Companies, Inc. announced that it is changing its name to Kate Spade & Company to reflect the Company's mono-brand focus. In addition, William L. McComb, Chief Executive Officer of Fifth & Pacific Companies, Inc., will be stepping down from his role and will be succeeded by Craig Leavitt, currently Chief Executive Officer of Kate Spade.

George Carrara, currently Executive Vice President, Chief Operating Officer and Chief Financial Officer of Fifth & Pacific Companies, will be promoted to President and Chief Operating Officer of Kate Spade & Company; Deborah Lloyd continues in her role as Chief Creative Officer of the renamed Company. Additionally, Mr. Leavitt and Ms. Lloyd will join the Company's Board of Directors.

The corporate name change and management transition are scheduled to take place following the release of fourth quarter earnings results on Tuesday, February 25, 2014, at which time the Company will begin trading as NYSE:KATE.

Commenting on the management change, Mr. McComb said: "I am personally very excited to see this team-one I have personally cultivated over the years-elevate into these roles.  I believe that together they have the proven skill sets, chemistry, and momentum that this fast growing business demands. They are vision-based, they are experienced, they are analytical and they know how to deliver profit and growth, while driving branding, customer service, and high creative standards."

Mr. McComb added: "Under Craig and Deborah's leadership, Kate Spade has truly blossomed - not only growing more than seven-fold in sales, but also dramatically expanding the brand's global presence and lifestyle offerings. They are clear in their goals for the brand going forward and committed to executing them with precision. And I can't think of a better person for the President role than George.

"He has brought tremendous capability to our company-and talent as well. As President, George will play an instrumental role in delivering the long-range plan. My excitement is not only personal and heartfelt, but as a shareholder of the Company, I am bullish about what this team, and the one assembled to support them, can accomplish in the years to come. Craig and I will be meeting with analysts and investors in the coming weeks to ensure a smooth transition."

Mr. Leavitt said: "We have been on a journey with Kate Spade - one that has taken us across the country and around the world as we build a global, lifestyle brand that remains nimble and innovative, focused on delighting the consumer every time she interacts with us. Bill has been a strategic partner and mentor to Deborah and me, bringing an energy level and clarity of vision that has been a great asset as the business grew. 

"The greatest thing about the leadership transition of the Company is the continuity. While the name of the Company will change, the brand and operational leadership that got us to this place not only continues, but are enhanced as we merge the Kate Spade and FNP teams.   As we enter the next chapter in our story, Kate Spade will benefit from the full attention and experience of people like George, who to date has had to split his time, but now can fully focus his attention on moving us forward."


Must ReadView All

Apparel/Garments | On 26th May 2016

PM expects Parliament to pass GST bill this year

Prime Minister Narendra Modi expects Parliament to pass the...

Apparel/Garments | On 26th May 2016

Bangladesh garment exports up 10% in July-April

Continuing the steady growth witnessed over the past few months,...

Textiles | On 26th May 2016

Spun yarn production growth in FY16 slowest in 4 years

India’s cotton yarn production grew by 2 per cent to 4,136 million kg ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

What benefits can MSMEs have from GOTS certification? What is the...

Abhishek Ganguly
Puma India

There are quite a number of brands stepping into the sports lifestyle...

Evelyne Cholet
UCMTF

Which regions are the largest importers of French textile machines? What...

Silke Brand-Kirsch
Schlegel und Partner

<b><i>Silke Brand-Kirsch, executive partner of Schlegel und Partner, a...

Larry L Kinn
Suominen Corporation

<b><i>Larry L Kinn, Senior Vice President - Operations Americas of...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search