SUBSEQUENT EVENTS	12 Months Ended
Jan. 03, 2015
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 23: SUBSEQUENT EVENTS In the first quarter of 2015, the Company and Walton Brown agreed to form two joint ventures focused on growing the Company's business in China and Hong Kong, Macau and Taiwan. Following the formation of the joint ventures, both Kate Spade Hong Kong, Limited, a wholly-owned subsidiary of the Company, and Walton Brown will own 50% of the shares of KSC and KS HMT Co., Limited, the holding company for the KATE SPADE businesses in Hong Kong, Macau and Taiwan. With an equal partnership structure, the Company and Walton Brown will actively manage the business together. The joint ventures each have an initial term of 10 years. To effectuate the new joint ventures, (i) the Company will acquire E-Land's 60% interest in KSC for an aggregate payment of $36.0 million, comprised of approximately $10.0 million to acquire E-Land's interest in KSC and approximately $26.0 million to terminate related contracts and (ii) the Company will receive approximately $21.0 million from LCJG for their interests in the joint ventures, subject to adjustments. These transactions are expected to close in the first quarter of 2015. The Company will no longer consolidate the operations for the businesses in Hong Kong, Macau and Taiwan, which had net sales of approximately $34.0 million in 2014, and will account for its investments in the joint ventures under the equity method of accounting. On January 29, 2015, the Company announced that it is focusing its business on kate spade new york. As part of this business model, the Company will be absorbing key elements of KATE SPADE SATURDAY's success into kate spade new york and discontinuing KATE SPADE SATURDAY as a standalone business. The Company also announced a new business model for JACK SPADE to leverage the distribution network of its retail partners and expand its e-commerce platform. As part of these actions, KATE SPADE SATURDAY's 16 Company-owned and three partnered store locations are expected to be closed during the first half of 2015. The Company will also be closing JACK SPADE's 12 Company-owned stores during the first half of 2015. KATE SPADE SATURDAY's e-commerce site will remain active during the wind-down phase until the label is incorporated and reintroduced into the kate spade new york brand. The Company expects total restructuring charges of $32.0 – $39.0 million relating to these actions, including: (i) estimated contract assignment and termination costs of $21.0 – $25.0 million and (ii) estimated employee-related costs (including severance) of $4.0 – $5.0 million; and (iii) non-cash asset impairment charges of $7.0 – $9.0 million.

NOTE 23: SUBSEQUENT EVENTS

In the first quarter of 2015, the Company and Walton Brown agreed to form two joint ventures focused on growing the Company's business in China and Hong Kong, Macau and Taiwan. Following the formation of the joint ventures, both Kate Spade Hong Kong, Limited, a wholly-owned subsidiary of the Company, and Walton Brown will own 50% of the shares of KSC and KS HMT Co., Limited, the holding company for the KATE SPADE businesses in Hong Kong, Macau and Taiwan.

With an equal partnership structure, the Company and Walton Brown will actively manage the business together. The joint ventures each have an initial term of 10 years. To effectuate the new joint ventures, (i) the Company will acquire E-Land's 60% interest in KSC for an aggregate payment of $36.0 million, comprised of approximately $10.0 million to acquire E-Land's interest in KSC and approximately $26.0 million to terminate related contracts and (ii) the Company will receive approximately $21.0 million from LCJG for their interests in the joint ventures, subject to adjustments. These transactions are expected to close in the first quarter of 2015. The Company will no longer consolidate the operations for the businesses in Hong Kong, Macau and Taiwan, which had net sales of approximately $34.0 million in 2014, and will account for its investments in the joint ventures under the equity method of accounting.

On January 29, 2015, the Company announced that it is focusing its business on kate spade new york. As part of this business model, the Company will be absorbing key elements of KATE SPADE SATURDAY's success into kate spade new york and discontinuing KATE SPADE SATURDAY as a standalone business. The Company also announced a new business model for JACK SPADE to leverage the distribution network of its retail partners and expand its e-commerce platform. As part of these actions, KATE SPADE SATURDAY's 16 Company-owned and three partnered store locations are expected to be closed during the first half of 2015. The Company will also be closing JACK SPADE's 12 Company-owned stores during the first half of 2015. KATE SPADE SATURDAY's e-commerce site will remain active during the wind-down phase until the label is incorporated and reintroduced into the kate spade new york brand. The Company expects total restructuring charges of $32.0 – $39.0 million relating to these actions, including: (i) estimated contract assignment and termination costs of $21.0 – $25.0 million and (ii) estimated employee-related costs (including severance) of $4.0 – $5.0 million; and (iii) non-cash asset impairment charges of $7.0 – $9.0 million.