Kate Spade New York will take over the 17 Newtown Lane storefront that currently houses Juicy Couture in late May, according to Mechele Flaum, the property’s co-owner.
Juicy Couture will close up shop in early March, according to Ms. Flaum, but a specific date has yet to be determined. Fifth & Pacific Companies, formerly known as Liz Claiborn Inc., owns Kate Spade and sold the intellectual property of Juicy Couture to the licensing company Authentic Brands Group in November. According to a statement by Fifth & Pacific’s CEO William McComb, many Juicy Couture stores will be converted into Kate Spade boutiques.
Press reps for Juicy Couture and Kate Spade could not be reached for comment.