06/06/20183min
Kate Brosnahan Spade, who created an iconic, accessible handbag line that bridged Main Street and high-end fashion, hanged herself in an apparent suicide Tuesday at her Manhattan apartment, according to New York Police Department sources.
Police responded at 10:10 a.m. after Spade was found by her housekeeper, NYPD Chief of Detectives Dermot Shea said. A suicide note was found at the scene, he said. Spade addressed her daughter in the note, according to two NYPD sources. Spade’s husband also is referenced in the note, according to one of the sources.
The designer, 55, started Kate Spade New York in 1993 and opened her first shop in the city three years later, the company’s website states.
Best known for its colorful handbags, Kate Spade New York has more than 140 retail shops and outlet stores across the United States and more than 175 stores internationally, the site states.
Over time, she distanced herself from her business.
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.
Kate Spade New York issued a statement confirming the “incredibly sad news” of their eponymous founder’s death.
“Although Kate has not been affiliated with the brand for more than a decade, she and her husband and creative partner, Andy, were the founders of our beloved brand,” the statement said. “Kate will be dearly missed. Our thoughts are with Andy and the entire Spade family at this time.”
“We honor all the beauty she brought into this world,” the company said in a tweet.