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

LIZ.F on Frankfurt Stock Exchange

23.74EUR
21 Nov 2014
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Latest Key Developments (Source: Significant Developments)

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

Fifth & Pacific Companies Inc announces name change and management change
Thursday, 9 Jan 2014 04:05pm EST 

Fifth & Pacific Companies Inc:Says it has changed its name to Kate Spade & Company.Says Craig Leavitt to succeed William McComb as Chief Executive Officer.Says George Carrara promoted to President and Chief Operating Officer.Says the company expects to name Thomas Linko as Chief Financial Officer of Kate Spade & Company in 2014 after the Juicy Couture wind down is substantially complete.  Full Article

Fifth & Pacific Companies Inc to sell lucky brand jeans
Tuesday, 10 Dec 2013 07:26am EST 

Fifth & Pacific Companies Inc:Says it has entered into a definitive agreement to sell Lucky Brand Jeans to an affiliate of Leonard Green & Partners L.P. (LGP) for total consideration of $225 million.With $140 million of the sale price to be paid in cash at closing and the remaining $85 million to be financed in the form of a three year seller note.The seller note can be repaid by LGP at any time prior to the end of its three year term, bears cash interest of $8 million per year, and provides for additional interest of $417 thousand per month, resulting in a $100 million maximum payment obligation at maturity.Further, the note will be secured by a first priority lien on the Lucky Brand trademark and also by a second priority lien on the other assets of Lucky Brand that are expected to be pledged to third party lenders.Consummation of this transaction is expected to occur in the first quarter of 2014.  Full Article

Safilo Group SpA signs with Fifth & Pacific Companies Inc's Kate Spade new eyewear licensing agreement and extension for Kate Spade New York through Dec. 31, 2018
Monday, 25 Nov 2013 11:39am EST 

Safilo Group SpA:Says signed with Kate Spade LLC, owned by Fifth & Pacific Companies Inc, a five-year North American eyewear licensing agreement for the design, production and distribution of Jack Spade.Says also signed a three-year extension of the current Kate Spade New York international licensing agreement.Says both agreements are in effect through Dec. 31, 2018.  Full Article

Fifth & Pacific Companies Inc Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates
Thursday, 7 Nov 2013 07:35am EST 

Fifth & Pacific Companies Inc announced that for fiscal 2013, it expects adjusted EBITDA, net of foreign currency transaction adjustments, to the range of $120-$140 million, which excludes Juicy Couture results. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $136 million for fiscal 2013.  Full Article

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North America demand for high-end handbags boosts Kate Spade forecast

- Kate Spade & Co reported a 30 percent jump in quarterly sales as demand for its handbags and fashion accessories rose in North America and the company raised its global same-store sales growth forecast for 2014.

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