The next year, they purchased more than 50 percent of Kate Spade, manufacturer of luxury shoes and handbags.and here is a link to an annual report from NM in 2000 listing Kate Spade as a subsidiary. <a href="http://www.secinfo.com/dpZAs.59.4.htm#1stPage">http://www.secinfo.com/dpZAs.59.4.htm#1stPage</a> pigalle74