Kate Valentine, formerly Spade, hasn't been involved with the namesake label she founded with business partner and husband Andy Spade for almost a decade. (Fun fact: when the couple launched the line in 1993, they weren't married yet, and Kate went by her maiden name, Kate Brosnahan. So the brand moniker was actually a mash-up of Kate's first name and Andy's last name, according to Business Of Fashion.)The duo parted ways with Kate Spade (the brand) nine years ago , shortly after it was bought by Liz Claiborne Inc. (The parent company would then become Fifth & Pacific in 2012, before changing its name once again in 2014 to Kate Spade & Co .) Following the couple's departure, Deborah Lloyd was appointed president and chief creative officer of Kate Spade; she has been with the brand since then.This new business venture brings Valentine and Spade back to some tried-and-true terrain: accessories. For its inaugural collection, Frances Valentine is focused on footwear (there are a couple of bag styles as well). The minimalist kicks sport statement accents, and the styles are expected to retail in the mid- to upper-hundreds, as reported Business of Fashion. "Before I left Kate Spade, designing shoes was the best experience," she told the publication. "I just adored the little details."