SHARE

Fifth & Pacific Grows Profits In Final Quarter

Fashion retailer Fifth & Pacific, which is to be renamed Kate Spade & Co in the near future, has revealed that fourth-quarter net sales rose 22.3% to US$426.9m. Net income soared to US$185.2m. Full-year profits were US$73m, up from the previous year’s US$74.5m loss.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.