Exclusive: Deborah Lloyd To Exit Kate Spade?

Kate Spade New York Pre Fall 2017.

NEW YORK — Last March, DM Fashion Book reported that American multinational luxury fashion company Coach, Inc was buying Kate Spade New York (see it here) and this past May we confirmed that Coach, Inc had purchased Kate Spade & Company for $2.4 billion (see it here).

Today, we could exclusively report that Kate Spade & Co‘s. chief creative officer, Deborah Lloyd is set to exit the company. Sources are saying that Lloyd is planning to leave the company. However, a spokesperson for the company said, “We don’t comment on industry rumors and speculation.”

This past August 2017, the company’s chief executive officer, Craig Leavitt left the Kate Spade & Co.

Coach has commenced a search for Leavitt’s successor and its CEO Victor Luis is leading the business on an interim basis. Susan Hart of Spencer Stuart is reportedly working on the search.

Lloyd, who was hired in 2008, had been executive vice president of product design and development at Banana Republic since 2001. Earlier, she was vice president of women’s design for Burberry London for five years.

Stay tuned to DM Fashion Book as this story develops!

Photos Credit: Courtesy of Kate Spade New York