What’s Andy Spade’s Net Worth and Wage?
Andy Spade is an American businessman and entrepreneur who has a net worth of $200 million. Andy Spade is the co-founder of Companions & Spade and Kate Spade New York. Andy is the brother of actor and comic David Spade. The late Kate Spade was his spouse. His niece via Kate is actress Rachel Brosnahan.
He additionally co-founded the branding studio Companions & Spade with Anthony Sperduti. Amongst his different endeavors, Spade has produced characteristic movies with the corporate Purple Bucket Movies, and conceives and publishes books with HarperCollins.
Early Life and Profession Beginnings
Andy Spade was born on Christmas Eve in 1962 in Michigan to Wayne, a gross sales consultant, and Judith, a author and journal editor. He has two brothers: Bryan and comic and actor David Spade. Within the late 60s, the household moved to Arizona. There, Spade went to Arizona State College, the place he majored in structure. Whereas in school, he co-founded the promoting agency Spade & Hannawell together with his good friend. The agency was listed as considered one of Arizona’s High 10 New Firms in 1987. Following this, Spade obtained closely into promoting, working with such manufacturers as Lexus, Coca-Cola, and Paul Stuart.
Kate Spade New York
In 1993, Spade and his enterprise accomplice Katherine Noel Brosnahan based the luxurious trend design home Kate Spade New York. Initially, the enterprise solely made colourful shopper purses, primarily for the upper-middle class; it quickly prolonged its stock to embody footwear, fragrance, stationery, pajamas, raincoats, and varied magnificence merchandise and different equipment. The corporate opened its first store in 1996 in New York Metropolis’s SoHo neighborhood. Kate Spade New York continued to increase exponentially, and by 1998, its gross sales have been totaling $27 million. The following yr, Neiman Marcus Group acquired a 56% stake of the corporate for $34 million. In 2006, it bought the remaining 44% stake for $59.4 million. Subsequently, attire firm Liz Claiborne purchased Kate Spade for round $124 million. In 2017, Tapestry purchased the corporate for $2.4 billion.
Along with its greater than 180 shops all over the world, Kate Spade New York additionally maintains outlet areas all through america. Furthermore, its merchandise are bought in main shops equivalent to Macy’s, Nordstrom, and Mattress, Bathtub and Past. In early 2017, the model debuted an unique assortment with Williams Sonoma that included glassware, flatware, and dinnerware. The corporate additionally had a separate model for males referred to as Jack Spade, which featured baggage, wallets, cellphone circumstances, watches, and varied menswear. All Jack Spade shops have been formally closed in early 2015.
Companions & Spade
In 2008, alongside together with his enterprise accomplice Anthony Sperduti, Spade based the branding studio Companions & Spade. The corporate operates throughout a variety of disciplines, together with promoting, design, and retail ideas. It has a storefront on Lafayette Avenue in Manhattan’s NoHo neighborhood. On the model growth facet of issues, Companions & Spade launched the loungewear line Sleepy Jones, which was impressed by the life of artists together with Pablo Picasso and David Hockney. The corporate additionally helped launch the boys’s grooming merchandise line Harry’s. Within the advertising division, Companions & Spade conceptualized and designed J.Crew’s inaugural menswear store in Tribeca, and developed and produced the primary nationwide promoting marketing campaign for Entire Meals.
Companions & Spade has additionally been concerned within the movie trade. Notably, it produced the brief movie “The Black Balloon,” which gained a prize on the 2012 Sundance Movie Competition. Together with Purple Bucket Movies, it helped conceive the story for the impartial drama “The Pleasure of Being Robbed,” the directorial debut of Josh Safdie. Companions & Spade additionally produced the documentaries “Paperboys,” by Mike Mills, and “Dimmer,” by Talmage Cooley.
In 1994, Spade married his enterprise accomplice Kate Brosnahan, with whom he had co-founded Kate Spade New York the yr prior. By the way, each have been born on the very same date and yr. The couple had a daughter named Frances in 2005. In June of 2018, Kate dedicated suicide in her Manhattan residence after struggling for years with melancholy and nervousness. On the time of her demise, Andy introduced that that they had been residing individually, however have been nonetheless shut to 1 one other.