
'And then I realized she was becoming 12 and didn't want me around so much, so I thought I would get back into the business.' So we sold Kate Spade and I personally, I don't know about Andy, I took off a good nine years raising my daughter and absolutely adored every moment of it. 'When the two of us sold the company with our other two partners to Neiman Marcus, it was kind of a time for us to take a break. She told People at the time that she wanted to focus on her family.

Neiman Marcus purchased 56 per cent of the company in 1999 and the remaining 44 percent by 2006, at which time Kate left the business to raise her daughter. Kate had launched international and home lines by 2004, having by that point sold off most of her company. Three years in the couple was able to open their first store, and for the next decade continue to grow the company.

Kate and Andy married in 1994, one year after launching Kate Spade New York together.

Kid's corner: The apartment that the couple shared could be seen decorated with children's drawings in a photo shoot
