Former Banana Republic executive vice president of product design and development Deborah Lloyd (pictured right) has been named creative director and co-president of Kate Spade. If you recall, Kate and Andy Spade stepped down from their namesake brand in July. Prior to Banana Republic, Lloyd, whose expertise is rooted in sportswear, worked as vice president of design for Burberry London for five years. This all goes hand in hand with a plan to expand the brand's product categories, which will eventually include apparel.
Parent Liz Claiborne Inc. chief executive officer William L. McComb (pictured left) revealed that Spade is currently focused on correcting its handbags, footwear and small leather goods between Fall 2008 and Fall 2009. Lloyd could decide to launch additional categories such as jewelry by Fall 2009 and apparel by Spring 2010. We look forward to it!