1. Kate Spade Shares Soar on Reports it is Exploring a Sale

    Kate Spade Shares Soar on Reports it is Exploring a Sale

    High-end handbag and apparel maker Kate Spade & Co. is exploring a sale of the company, according to people familiar with the matter, after coming under pressure from an activist shareholder. The New York company is working with an investment bank and has contacted possible buyers, including other retailers, one of the people said. The process is at an early stage. As of Wednesday morning, Kate Spade had a market value of $1.9 billion. Its value has dropped amid a difficult retail environment...

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    1. We believe the best path for enhancing shareholder value is to pursue a sale of the company.
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