By  on January 9, 2014

As William L. McComb passes the baton to Craig Leavitt, he’s handing over a company projecting significant growth in its primary business: Kate Spade.

Fifth & Pacific Cos. Inc. said the Kate Spade business saw adjusted earnings before interest, taxes, depreciation and amortization of about $130 million last year on sales of $742 million, according to preliminary figures. For 2014, sales are projected to grow 10 to 13 percent, pushing EBITDA to a range of $165 million to $175 million.

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