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Posts Tagged ‘Kate Spade’

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Me at 5 years old with my red patent leather handbag. Don’t I look pleased with myself. 

Playing dress-up begins at age 5 and never truly ends.

Kate Spade (1962-2018), American fashion designer.

Kate Spade was known for her handbag line which she launched with her husband, Andy Spade, in 1993. The business was a huge success with affordable Kate Spade bags becoming a staple in every stylish woman’s closet. What is lesser known is that the Spades sold a portion of their company shares to Neiman Marcus in 1999 and the rest in 2006. Today the company is owned by Coach.

In 2016 the couple got back into the biz with a new line called Frances Valentine.

 

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I chose this quote because I think many woman can relate and it reminded me of myself at 5 years old when I was all about handbags. I had a small collection which included a couple of patent leather, a wicker, and one orange cloth with a faux tortoiseshell handle. (That one had belonged to my mother but I loved it so much she let me have it.) Indeed I liked to play dress-up with my handbags (and hats), creating outfits to go with them. It made me feel grown up.

Thanks Kate Spade for the reminder and for giving us the opportunity to continue playing.

Sadly, last week the designer hung herself with a scarf in her NYC home.

RIP Kate Spade.

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Modern luxury, how we define it for ourselves, is about quality and great design, while at the same time offering the customer an emotional experience through great brands, its history and narratives. Modern for us is different from the traditional European groups … it’s about being inclusive, not exclusive based on price. It is not based on a country of origin, [nor] is it made in any specific market as traditional luxury brands are …

 

– Victor Luis, Coach, Inc. CEO

Last week it was announced that American handbag brand Coach, Inc. bought Kate Spade & Co.  for $2.4 billion.

The once classic handbag line, originally designed by Bonnie Cashin, seems to be shifting into a fashion conglomerate having also purchased shoe brand Stuart Weitzman for $524 million in 2015.

(More fashion news – Mr. Weitzman, who orchestrated the sale of his company to Coach, is retiring this year.)

Is Coach luxury? Kate Spade? Semi-expensive brands, yes, but I never considered either one luxury. I guess they are “modern luxury” whereas luxury is old-school European expensive, a la Hermes and Louis Vuitton.

I suppose it’s relative. One woman’s Vuitton is another woman’s Coach. Actually it’s all luxury, because we don’t NEED any of it … says the woman who owns a few Coach handbags herself (the classic silhouettes only).

 

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