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November 03, 2006
Neiman's Buys Extra Stake In Kate Spade
Neiman Marcus is buying the remaining 44% stake in Kate Spade, worth around $59 million. Neiman purchased its original 56% stake in 1999, and is now trying to sell the entire accessories firm.
The brand is still run by founders Kate and Andy Spade, but it is unclear whether they will stay with the company once it sells.
Posted by Blacks on November 3, 2006 09:56 AM
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