Article: Kate Spade Announces Asian Expansion; Company Signs Distribution Rights Agreements With Globalluxe and Store Specialists, Inc.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 14, 2002

kate spade, LLC, America's most beloved and honored accessories designer, today announced the expansion of the brand throughout Asia.

Through an exclusive distribution agreement with Globalluxe, kate spade will open the first freestanding kate spade boutique in Hong Kong in November 2002 with an expansion into Korea and Taiwan in 2003 and the Peoples Republic of China and Singapore in 2004. Additionally through an exclusive distribution agreement with Store Specialist, Inc. (SSI) kate spade will distribute in the Philippines.

SSI, which is part of the Rustan Group of companies, ...

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