By  on February 4, 2013

The day after this year’s presidential inauguration turned out to be the perfect time to interview Kate and Andy Spade on the 20th anniversary of the company they founded in 1993. For the ceremonial occasion of her dad’s incumbency, Sasha Obama had appeared on the mall in a purple coat by Kate Spade, thus handing a reporter an icebreaker on a silver platter — except Kate Spade beat her to the punch.

“So, I read that Sasha was wearing Kate Spade!” she said at the outset of the interview. She cannot take credit for the actual design, as she, her husband, Andy, and their two partners cashed out of the company that bears her name seven years ago to the tune of $59 million.

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