By  on May 2, 2013

Kate Spade continued to motor ahead in the first quarter with a 22 percent gain in comparable-store sales, which helped Fifth & Pacific Cos. Inc. narrow its losses more than projected.

The company is said to want to sell off Lucky Brand and Juicy Couture and trim itself down to a portfolio of one, Kate Spade, using the money from asset sales to develop that business at home and abroad.

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