Fifth&Pacific Was Renamed Kate Spade.

< p > after the two brands of LuckyBrand and JuicyCouture were stripped last year, the US apparel group Fifth&PacificCompanies, Inc. became a single Brand Company. At the beginning of the new year, Fifth&PacificCompanies, Inc. (NYSE:FNP) decided to rename the company to < a href= "http://".

< /p >

At the same time, KateSpade&Company has made some personnel adjustments. KateSpadeLLC's current CEO CraigLeavitt will be promoted to CEO of the group, while Fifth&PacificCompanies, Inc. (NYSE:FNP) chief executive WilliamL.McComb will be abdicated; Fifth& PacificCompanies, Inc. (current) executive vice president, chief operating officer and chief financial officer will be promoted to CEO and chief operating officer, and the two will join P group board.

< /p >

< p > Company changes and appointments will take effect on the date of the group's fourth quarter earnings in February 25, 2014, and KateSpade&Company will activate the new stock code KateSpade&Company (NYSE:KATE).

< /p >

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > JuicyCouture < /a > the former chief financial officer and chief operating officer ThomasLinko will also become the chief financial officer of KateSpade&Company (NYSE:KATE) after the completion of the paction. Before that, the position of chief financial officer was temporarily held by GeorgeCarrara.

< /p >

< p > < < a href= > //www.sjfzxm.com/news/index_c.asp > > Management > /a > change will cost US $23 million, of which 16 million US dollars are non cash.

< /p >

< p > Fifth&PacificCompanies, Inc. (NYSE:FNP) released the four quarter direct consumer business performance and the initial performance in the 2013 fiscal year.

< /p >

< p > Fifth&PacificCompanies, Inc. (NYSE:FNP) predicts that in the four quarter, the growth of KateSpade directly to the consumer business will grow by 30% and LuckyBrand will grow by 5%. The group's adjusted EBITDA will be $125 million to US $130 million in 2013, and the expected EBITDA will be US $115 million to US $125 million after 2014. It is expected that KateSpade will sell US $742 million a year and adjusted EBITDA to US $130 million. We expect to sell 520 million dollars in the whole year and $115 million after adjustment.

< /p >

< p > early October 2013, Fifth&PacificCos.Inc. (NYSE:FNP) announced the sale of its brand JuicyCouture at $195 million, taking over AuthenticBrandsGroupLLC as brand management company, and selling its brand LuckyBrand at the beginning of December at a price of $225 million, taking over the private equity fund LeonardGreen&Partners and L.P. (LGP).

LeonardGreen&Partners will pay a down payment of 140 million dollars in cash, the remaining 8500 million and three years to pay, the annual interest rate is 8 million dollars, and at the same time, it will pay an additional interest of Fifth&Pacific41.7 million per month, which will make the highest price of LuckyBrand will reach 240 million dollars.

The paction volume was based on LuckyBrand 7 times EBITDA in the past December.

< /p >

< p > related links: < /p >

< p > Fifth & Pacific, formerly known as Ali Shi Fagafaga Bong (Liz Claiborne), was once a clothing empire with about 40 brands, but at present only three brands of orange, Lucky Brand and Kate Si Bei are left, and Lucky Brand is also in the range of its planned sale.

< /p >

The brand of "P" orange is from California, USA. It is famous for its sweet girl's route. It was once loved by American women, but it has fallen out of favor in recent years, and sales have dropped sharply.

Last year, Fifth & Pacific tried to reverse the fate of the best seller, but failed.

On the contrary, as a handbag, jewellery and footwear brand, Kate Si Bei has become the new favorite of young women with its simple and generous design and distinctive color matching. Sales in the first half of this year soared by 64.3%.

< /p >

< p > Kate Spade (Kate sbee) is an American brand that is red with handbags and shoes.

Founded by Katherine Noel Brosnahan, it is a frequent visitor to New York fashion week. It is popular in New York with its concise and smart shape, bright and bold colors and lively and interesting life style.

It uses the infinite vitality of the bold tone to show the Kate Spade New York girl's inner vision for the future and fearlessness.

< /p >