Company Directory - Kate Spade New York
Company Details - Kate Spade New York
Kate Spade New York
WebsiteNew York, United States
Kate Spade New York is an American fashion brand known for its trendy handbags, accessories, and home decor.
CCI Score
CCI Score: Kate Spade New York
20.30
-0.02%
Latest Event
FTC Blocks Merger Attempt, Highlighting Market Consolidation Risks for Kate Spade Brand
On November 18, 2024, the US District Court in New York blocked an $8.5 billion merger between Tapestry Inc.—the parent company of Kate Spade New York—and Capri Holdings. The decision, based on antitrust concerns, underscored worries that the merger would have intensified market concentration in the luxury handbag sector, potentially enabling excessive corporate power.
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SABOTEUR
Kate Spade New York is currently rated as a Saboteur.
Latest Events
- NOV182024
On November 18, 2024, the US District Court in New York blocked an $8.5 billion merger between Tapestry Inc.—the parent company of Kate Spade New York—and Capri Holdings. The decision, based on antitrust concerns, underscored worries that the merger would have intensified market concentration in the luxury handbag sector, potentially enabling excessive corporate power.
-50
Economic and Structural Influence
March 30
The attempted merger by Tapestry, which includes the Kate Spade brand, was aimed at bolstering market dominance in the luxury handbag sector, a move that would have increased economic concentration and corporate power. From an anti-fascist perspective that values decentralized power and competitive market practices, this consolidation effort is problematic. The FTC’s intervention, by blocking the merger, mitigated further negative impacts but also highlights the company’s willingness to engage in practices that could amplify authoritarian economic influence.
New York Gains Clout as Antitrust Venue as Handbag Deal Crumbles
- MAY162024
Kate Spade New York has accelerated its mental health initiatives by launching a Mental Health First Aid at Work training for over 900 store leaders across North America, enhancing employee wellness through flexible work practices and redesigning sick leave as 'wellness days'. The company has also invested substantially in mental health and women’s empowerment programs globally.
+85
Labor Relations and Human Rights Practices
March 30
Kate Spade New York has made significant strides in supporting mental health and worker well-being. By launching Mental Health First Aid training, adopting wellness days, flexible scheduling, and investing $32 million in mental health and empowerment initiatives globally, the company demonstrates a strong commitment to progressive labor practices and human rights in the workplace.
Kate Spade New York Accelerates Mental Health Initiatives - WWD
- OCT052023
A federal judge in New York sided with the FTC to block an $8.5 billion merger between Kate Spade New York and Michael Kors, with concerns that the consolidation would have led to excessive market concentration in the accessible luxury segment.
-40
Business Practices and Ethical Responsibility
March 30
Kate Spade New York's pursuit of a merger with Michael Kors raised antitrust concerns by aiming to concentrate market power within the accessible luxury segment, which could undermine fair competition and contribute to oligarchic control.
Judge sides with FTC, blocking Kate Spade and Michael Kors merger
-60
Economic and Structural Influence
March 30
The attempted merger risked creating an overly dominant firm in the accessible luxury market, potentially reinforcing corporate oligarchy and diminishing competition, factors that could contribute indirectly to broader authoritarian economic influences.
Judge sides with FTC, blocking Kate Spade and Michael Kors merger
- MAR172023
Kate Spade New York announced the addition of two global change-makers, including actress Sofia Wylie and Mika Kumahira, to its Social Impact Council. The initiative reinforces the brand’s commitment to women’s empowerment and mental health by donating over $3 million in 2023 to support community-based organizations globally.
+60
Public and Political Behavior
March 30
The appointment of prominent advocates and the formation of a Social Impact Council signals Kate Spade’s commitment to progressive public policy and community empowerment, enhancing public and political behavior in support of marginalized groups.
Kate Spade New York Adds Two Global Change-makers to Its Social Impact Council
+70
Business Practices and Ethical Responsibility
March 30
By committing over $3 million to drive social impact, particularly focusing on mental health and women’s empowerment, Kate Spade New York demonstrates exemplary business practices and ethical responsibility. This proactive measure supports community resilience and social justice.
Kate Spade New York Adds Two Global Change-makers to Its Social Impact Council
- JAN262022
Kate Spade New York has launched a Social Impact Council composed of prominent women’s empowerment and mental health leaders. The council will work to reduce the stigma around mental health and empower women and girls with access to critical resources, including a commitment of over $2 million annually for community support.
+60
Public and Political Behavior
March 30
By launching a Social Impact Council that brings together influential leaders to drive change and promote inclusive dialogue around mental health and women’s empowerment, Kate Spade New York demonstrates a robust public commitment to progressive, socially responsive values. Such actions counter authoritarian disinterest in social welfare and marginalized voices.
+70
Business Practices and Ethical Responsibility
March 30
The initiative underscores Kate Spade New York’s commitment to ethical business practices by investing significant resources in empowering marginalized communities and promoting mental health. The establishment of the council and ongoing funding for social impact projects highlight its responsible approach to corporate social responsibility.
- JAN262022
Kate Spade New York announced the launch of its Social Impact Council, assembling prominent leaders in women’s empowerment and mental health to drive initiatives aimed at reducing stigma, expanding access to vital mental health resources, and creating community engagement through digital and in-person activations. The council, which includes figures such as Taraji P. Henson and Cynthia Germanotta, will also support a commitment of over $2 million annually in funding to further these goals.
+70
Public and Political Behavior
March 30
The launch of the Social Impact Council represents a proactive engagement in civic and social issues, fostering dialogue around mental health and women’s empowerment. This initiative supports marginalized communities by promoting social justice and inclusivity, aligning with progressive, anti-fascist values.
+70
Business Practices and Ethical Responsibility
March 30
By establishing the Social Impact Council and committing significant annual funding to support mental health and women’s empowerment, Kate Spade New York demonstrates responsible business practices. The initiative not only underscores transparent corporate social responsibility but also reinforces ethical accountability towards community development and marginalized groups.
- JAN012014
An evaluation of Kate Spade's initiatives, including the On Purpose program that empowers women artisans in Rwanda and the comprehensive supplier training and grievance mechanisms via its partnership with Li & Fung, contrasted with criticisms around limited supply chain transparency and inadequate disclosure of supplier information.
+40
Labor Relations and Human Rights Practices
March 30
Kate Spade's On Purpose program and its efforts to integrate a manufacturing facility with over 150 full-time artisans, along with training programs on its code of conduct and grievance mechanisms, provide positive contributions to labor rights and human dignity. These actions signal a commitment to workers' welfare despite other transparency issues.
Kate Spade: ethics, sustainability, labor rights data research by JUST
-30
Supply Chain Ethics
March 30
The research criticizes Kate Spade for not publicly disclosing a list of manufacturing countries or supplier names, and for the unclear scope of its supply chain standards. This lack of transparency undermines accountability in its supply chain ethics.
Kate Spade: ethics, sustainability, labor rights data research by JUST
- JAN012013
In 2013, Kate Spade New York launched its 'on purpose' initiative to establish Abahizi Rwanda, a for‑profit, employee‐owned social enterprise aimed at empowering female artisans in Rwanda by improving labor rights, wages, and skills training. The initiative shifts women’s roles upward in the supply chain and enhances long‑term socio‐economic benefits.
+80
Labor Relations and Human Rights Practices
October 12
Kate Spade New York’s 'on purpose' initiative, which established the employee-owned Abahizi Rwanda, directly supports improved labor practices and economic empowerment for women. By investing in training, fair wages, and ownership structures, the company demonstrates progressive and anti-authoritarian business practices that elevate marginalized workers in a traditionally vulnerable sector.
Chapter 31 — Putting Purpose into Practice: The Economics of Mutuality
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