NEW YORK — Fifth & Pacific Cos. Inc. is deciding whether to convert its Juicy Couture store on Fifth Avenue here into a Kate Spade unit or recognize benefits from exiting the lease for the unit altogether.
The company, which reported a lower third-quarter loss on an 18.1 percent increase in revenues Thursday, completed the sale of the intellectual property of Juicy to Authentic Brands Group Inc. for $195 million in cash earlier this month. It expects net proceeds of between $125 million and $135 million from the divestiture of the IP component of the brand.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"