Kate Brosnahan Spade, who created an iconic, accessible handbag line that bridged Main Street and high-end fashion, hanged herself in June of last year (2018) in her Manhattan apartment.In 1999, she and her husband, Andy Spade, sold 56% of the brand to Neiman Marcus for $33.6 million. Liz Claiborne acquired the company in 2007, and Spade left her namesake brand. The luxury fashion company Coach announced plans in May 2017 to buy Kate Spade for $2.4 billion.
“We honor all the beauty she brought into this world,” the company said in a tweet.
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