US accessories brand Kate Spade reported net sales for the year to January 2 rose 9.1% to $1.2bn (£860m), while adjusted EBITDA was £203m.
“In 2015, we became a stronger, refocused Kate Spade & Company,” said chief executive Craig Leavitt. “We made significant progress along our two axes of growth – product category and geographic expansion – introducing 14 new product categories and entering eight new countries.”
Kate Spade is set to open an 11,000 sq ft flagship at 178-182 Regent Street in London later this year, which will be its fourth store in the UK.
It will feature product categories including Kate Spade New York handbags, ready-to-wear, fashion accessories, small leather goods, tech accessories, jewellery, watches, shoes, hosiery, eyewear, stationery and home decor.
Kate Spade currently has stores at Covent Garden, Sloane Square and Westfield London in the UK.