Chelsea Clinton, daughter of former U.S. President Bill Clinton, was among celebrities to mourn Spade on social media. After moving through a number of positions, I had been promoted to senior fashion editor after six years at Mademoiselle magazine.
Celebritynetworth.com estimated her net worth at $200 million. She told The Boston Globe in 1999 she was "looking for something that could be. more personal", adding that she also "wanted timelessness".
Kate Spade New York has more than 140 stores across the United States and more than 175 outlets across the world.
The 55-year-old is understood to have taken her own life at her home on Park Avenue on Manhattan's Upper East Side. A year later, Spade and her husband left the company to focus on raising their daughter. After three years of not turning a profit, the brand received an award in 1996 from the Council of Fashion Designers of America, and its colorful creations were suddenly must-have items.
Spade was a co-founder of the designer label Kate Spade New York, which she later sold. Her products were sold all over the globe in boutique shops as well as major department stores. It is believed that the two made the majority of their money at this time. She was reportedly found in her apartment by a housekeeper.
While many of Kate Spade's fans expressed shock at her apparent suicide as she had never been known to suffer mental health issues, others noted that it is a reminder that there are many people suffering in silence.
"You owe so much responsibility to the company that you can't even imagine".
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Kate Spade and Michael Kors in 2004.
"Under the terms of the deal..." The House of Cards alum, 27, was Kate's niece. "Shares of Kate Spade surged 8% in pre-market trading, while shares of Coach were basically flat", Forbes reported shortly after the sale was announced. "We're drawing and sketching on little pieces of paper", she said about working with husband Andy.
The rise of American fashion designer Kate Spade, who turned her name into a global brand, reads like a classic American tale of a self-made businesswoman. The company is known for its shoes, but also carries a few handbags.
The actress later told Women's Wear Daily that she admires fashion "from afar", unlike her aunt. She changed her last name to Valentine to distinguish herself from the brand she created.
The company says its thoughts are with the Spade family.
"If I run, I'm much healthier - I run on a treadmill", she revealed.