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Kate Spade Announces the Completed Acquisition of its Asian Businesses

Kate Spade, LLC and Kate Spade Hong Kong Ltd. announced the acquisition of the Kate Spade businesses in Hong Kong, Macau, Taiwan, Malaysia, Singapore, Indonesia and Thailand from their long term partner Globalluxe. The total transaction value was approximately $34 million, including $4 million for working capital and other previously agreed adjustments with the payment …

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