She hasn’t owned the brand for many many years. They sold it years ago to Liz Claiborne.
She sold in 2007. Then she launched a new line, this article is 2017. I think it is about the new line doing poorly.
“She sold the company to Neiman Marcus Group in 1999, and stayed with the company until it was acquired by Liz Claiborne Inc. in 2007 for $125 million. Last year, the company was bought by Coach for a reported $2.4 billion.
Since then, the Times reports Spade and her husband devoted themselves to family and philanthropy. The couple launched the Frances Valentine company in 2016, and Spade was said to be so committed to the new accessory label that she changed her name to Katherine Noel Frances Valentine Brosnahan Spade”.