- Fifth & Pacific (FNP) officially changes its name to Kate Spade.
- The company decided to make the change after a number of asset sales and closures left it with just one major brand.
- In another bit of major news, the retailer says CEO William McComb will step down to be replaced by Craig Leavitt, the current CEO of Kate Spade.
What's in a name: Fifth & Pacific becomes Kate Spade
Jan 9 2014, 19:35 ET