Key Developments: Kate Spade & Co (LIZ.BE)

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Latest Key Developments (Source: Significant Developments)

Kate Spade & Co reaffirms FY 2015 guidance
Tuesday, 3 Mar 2015 07:22am EST 

Kate Spade & Co:Reaffirms FY 2015 adjusted EBITDA guidance of $185 - $200 million.Continues to expect FY 2015 net sales in the range of $1.200 to $1.275 billion.FY 2015 revenue of $1.284 billion and EBITDA of $199 million - Thomson Reuters I/B/E/S.  Full Article

Kate Spade & Co announces four new licensing agreements
Tuesday, 3 Mar 2015 07:16am EST 

Kate Spade & Co:Announces expansion of its growing home category with four new licensing agreements under kate spade new york brand.Says partnerships will fuel Kate Spade & Company's long-term growth strategy and continued focus on product category expansion.Says it is collaborating with DWI Holdings, EJ Victor, Kravet, Jaipur.Says it expanding license with Lenox Corporation and introducing a kate spade new york housewares collection named All in Good Taste.  Full Article

Kate Spade & Co and The Lane Crawford Joyce Group's subsidiary announce partnership
Thursday, 29 Jan 2015 08:16am EST 

Kate Spade & Co and Walton Brown (subsidiary of Lane Crawford Joyce Group):Says companies have formed joint ventures.Focused on scaling and accelerating Kate Spade & Company's growth in Greater China, continuing its geographic expansion plans.Newly formed partnership will leverage expertise of Walton Brown, and global demand for Kate Spade & Company products, to establish strategic network of stores in key cities, enhanced by a robust organizational and marketing platform across China, Hong Kong, Macau and Taiwan.  Full Article

Kate Spade & Co gives FY 2014 revenue guidance above analysts' estimates; raises FY 2014 EBITDA guidance; gives FY 2015 guidance
Thursday, 29 Jan 2015 08:15am EST 

Kate Spade & Co:Expects FY 2014 net sales increase of over 40 pct. compared to last year, to range of $1.130 billion to $1.140 billion.Expects FY 2014 adjusted EBITDA in a range of $145 million to $150 million, which includes losses of $29 million from Kate Spade Saturday and brick and mortar operations of Jack Spade, as well as inventory charges resulting from planned initiatives.Expects FY 2015 net sales in the range of $1.200 billion to $1.275 billion, including planned decrease compared to FY 2014 in excess of $125 million, which includes impact of above factor.Expects FY 2015 adjusted EBITDA in the range of $185 million to $200 million.FY 2015 adjusted EBITDA estimate does not include $26 million contract termination fee, which is part of aggregate $36 million payment to be made to E-Land to acquire its interest in Kate Spade China Co. Ltd. and terminate related contracts.FY 2014 revenue of $1.102 billion and EBITDA of $137 million - Thomson Reuters I/B/E/S.  Full Article

Kate Spade & Co increases FY 2014 EBITDA guidance
Thursday, 6 Nov 2014 07:15am EST 

Kate Spade & Co:Increases FY 2014 adjusted EBITDA guidance to range of $130 million - $140 million.FY 2014 EBITDA of $138 million - Thomson Reuters I/B/E/S.  Full Article

Kate Spade & Co announces appointment of CFO - Form 8-K
Tuesday, 14 Oct 2014 05:23pm EDT 

Kate Spade & Co:Appoints Thomas Linko as the chief financial officer.Says George Carrara, who has been serving as president, chief operating officer and chief financial officer, will continue in the dual role of president and chief operating officer.  Full Article

Kate Spade & Co raises FY 2014 EBITDA guidance
Tuesday, 12 Aug 2014 07:48am EDT 

Kate Spade & Co:Increases FY 2014 adjusted EBITDA guidance to a range of $120 - $130 million from the previously guided range of $115 - $125 million.FY 2014 EBITDA of $140 mln - Thomson Reuters I/B/E/S.  Full Article

Fifth & Pacific Companies reaffirms FY 2014 EBITDA guidance
Wednesday, 14 May 2014 07:45am EDT 

Fifth & Pacific CompaniesInc:Reaffirms FY 2014 Adjusted EBITDA guidance of $115 -125 million.  Full Article

Fifth & Pacific Companies Inc reaffirms FY 2014 EBITDA guidance - Conference Call
Tuesday, 25 Feb 2014 10:00am EST 

Fifth & Pacific Companies Inc:Reaffirms previously-guided range of $115 million to $125 million for adjusted EBITDA for FY 2014, which includes Kate Spade, Adelington Design Group and Corporate.  Full Article

Fifth & Pacific Companies Inc completes sale of lucky brand jeans
Monday, 3 Feb 2014 04:12pm EST 

Fifth & Pacific Companies Inc:Completes the sale of Lucky Brand Dungarees Inc. to an affiliate of Leonard Green & Partners, L.P. (LGP) for total consideration of $225 mln, with $140 mln in cash at closing and the remaining $85 mln financed in the form of a three year, secured, seller note, subject to certain capital adjustments.Says seller note can be repaid at any time prior to the end of its three year term, bears cash interest of $8 million per year, and provides for interest to accrete as additional principal in the amount of $5 million per year, resulting in a $100 million maximum payment obligation at maturity.Says Lucky Brand Jeans has also assumed the proportionate share of the company's sourcing contract with Li & Fung in addition to other related Fifth & Pacific Companies obligations.Says Centerview Partners and Perella Weinberg Partners advised Fifth & Pacific Companies, Inc. on this transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP was FNP's legal advisor.Says Latham & Watkins LLP was LGP's legal advisor.  Full Article


Handbag sales prompt Coach, Kate Spade to rein in promotions

- Holiday-season splurging on handbags has given Coach Inc and Kate Spade & Co new impetus to cut back on promotions, confident that Americans are more willing to splash out on luxury.

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