Many fashion enthusiasts are curious about the relationship between Kate Spade and Coach, two prominent brands in the fashion industry. Both brands have made a name for themselves with their unique and trendy designs, but are they connected in any way? It is a common misconception that Kate Spade is owned by Coach, but the reality is quite different.
Kate Spade New York is a well-known fashion brand that was founded by Katherine Noel Brosnahan in 1993. With its charming and playful designs, Kate Spade quickly became popular among women of all ages. The brand is known for its handbags, clothing, and accessories, which are often adorned with bold colors, quirky prints, and feminine details.
Coach, on the other hand, is another popular American fashion brand that was founded in 1941. Known for its luxurious leather goods, Coach has built a strong reputation for its handcrafted products. Over the years, Coach has expanded its range to include accessories, footwear, and ready-to-wear clothing. The brand is highly regarded for its timeless designs and commitment to quality.
While both Kate Spade and Coach have achieved success in the fashion industry, they are separate entities and operate as independent brands. However, it is worth noting that in 2017, Coach acquired the Tapestry Group (formerly known as Coach Inc.), which is the parent company of both the Kate Spade New York and Coach brands. This move has allowed for greater collaboration and synergy between the two brands, but they still maintain their distinct identities and creative visions.
Is Coach the Owner of Kate Spade?
No, Coach is not the owner of Kate Spade. While both Coach and Kate Spade are luxury fashion brands, they are owned by separate parent companies.
Kate Spade was founded in 1993 by designer Kate Spade and her husband, Andy Spade. The brand gained popularity with its vibrant and playful designs, particularly in handbags and accessories. Over the years, Kate Spade grew into a global lifestyle brand, offering a wide range of products.
In 2017, Coach’s parent company, Tapestry (formerly known as Coach Inc.), acquired Kate Spade and Company in a deal worth $2.4 billion. This acquisition allowed Tapestry to expand its portfolio of luxury brands and tap into the growing market for affordable luxury goods.
Ownership under Tapestry:
After the acquisition, Kate Spade became a subsidiary of Tapestry and operates as an independent brand within the company’s portfolio. Tapestry is a New York-based multinational luxury fashion holding company that also owns other well-known brands such as Coach and Stuart Weitzman.
Tapestry’s acquisition of Kate Spade has led to synergies between the brands, such as shared resources and expertise in areas like design, distribution, and marketing. However, each brand within Tapestry maintains its own unique identity and creative direction.
In conclusion, while Coach and Kate Spade are part of the same parent company, with Kate Spade being owned by Tapestry, it is important to note that they are distinct brands with their own design aesthetics and target markets.
History of Coach and Kate Spade
Coach and Kate Spade are both well-known fashion brands that have made a significant impact in the retail industry. While they are two separate companies, there is an interesting history of how they have intertwined.
Coach
Coach was founded in 1941 as a small family-run workshop in New York City. It started as a leather goods company, specializing in producing wallets and billfolds. Over the years, Coach gained recognition for its high-quality craftsmanship and classic American design.
In the 1960s, Coach was purchased by a group of investors who saw its potential for growth. Under new leadership, the brand expanded its product offerings and introduced a signature design element, the Coach turnlock, which became iconic.
By the 1980s, Coach had become a household name and a symbol of luxury. Its products were sought after for their durability and timeless style. The brand continued to evolve, adding accessories like handbags, shoes, and outerwear to its collection.
Kate Spade
Kate Spade, on the other hand, has a more recent history. It was founded in 1993 by Kate and Andy Spade, along with their friend Elyce Arons. Kate, a former accessories editor, had a clear vision for the brand – to create stylish and functional handbags that would stand out in the market.
Kate Spade’s designs were characterized by vibrant colors, playful prints, and clean lines. The brand quickly gained popularity, attracting a loyal following of stylish women who appreciated its modern and sophisticated aesthetic.
In 2006, Coach made a move that would significantly impact the fashion industry – it acquired Kate Spade. This acquisition allowed Coach to diversify its portfolio and tap into a new market segment. Kate Spade continued to operate as a standalone brand under the umbrella of Coach’s parent company.
Under Coach’s ownership, Kate Spade continued to flourish, expanding its product range to include clothing, shoes, and accessories. It maintained its distinct identity, with its whimsical and feminine designs resonating with consumers.
In 2017, Coach changed its parent company name to Tapestry, reflecting its position as a multi-brand fashion group. This marked a new chapter for both Coach and Kate Spade, as they continued to shape the fashion landscape.
Today, Coach and Kate Spade remain influential players in the fashion industry, each with its own unique style and loyal customer base. Their histories are intertwined, with Coach’s acquisition of Kate Spade serving as a testament to their shared success and influence.
Current Ownership of Kate Spade
Kate Spade, the iconic luxury fashion brand known for its vibrant designs and chic accessories, is currently owned by Tapestry, Inc.
Tapestry, formerly known as Coach, Inc., acquired Kate Spade in 2017 for a whopping $2.4 billion. The acquisition was a strategic move by Tapestry to expand its presence in the high-end accessories market and cater to a wider customer base.
Although Kate Spade operates under the ownership of Tapestry, it maintains its unique identity and design aesthetic. The brand’s whimsical and playful approach to fashion continues to resonate with consumers worldwide.
Under the guidance of Tapestry, Kate Spade has continued to grow and thrive, opening new stores and launching successful collaborations with influential designers. The brand’s commitment to quality craftsmanship and timeless elegance remains unwavering.
In conclusion, Tapestry, Inc. is the current proud owner of the Kate Spade brand, ensuring its legacy and continued success in the ever-changing fashion industry.
