Kate Spade New York released a statement calling the news "incredibly sad." Tapestry Inc, the handbag company formerly known as Coach, eventually bought the Kate Spade brand in May 2017 to tap millennials, who are drawn to the company’s quirky satchels and colorful tote bags. In 2016, they launched a new footwear and accessories brand called Frances Valentine, naming it after their daughter, who is now 13. The couple sold their last stake in the brand in 2006 to focus on raising their daughter, Frances Beatrix Spade. Her brightly colored, clean-lined style offered a spunky take on fashion at time when luxury handbags were out of reach to most consumers and the industry was dominated by venerable European brands.
The brand grew into a fashion empire, known for accessories that offered affordable luxury to younger working women. They began by selling handbags before expanding to include clothing, jewelry, bedding, legwear and fragrances. Spade, 55, hanged herself and was found by her housekeeper at her home on Park Avenue on Manhattan's Upper East Side, the New York Daily News reported, citing unnamed police officials.īorn Katherine Noel Brosnahan in Kansas City, Missouri, Spade was a former accessories editor at the now-closed Mademoiselle magazine before she and Andy Spade launched their namesake design company, Kate Spade New York, in 1993.
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