Retailer Kate Spade exploring sale: report
Bengaluru
HANDBAG and accessories maker and retailer Kate Spade & Co, under pressure from an activist investor, is exploring a sale and is working with a bank to sound out possible buyers, The Wall Street Journal reported, citing people familiar with the matter.
The potential buyers contacted include retailers, the newspaper reported, adding that the process was at an early stage. Shares of Kate Spade, which had a market value of US$1.86 billion as at Tuesday's close, were up 16 per cen…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action
France's Casino supermarket chain to axe up to 3,200 jobs
Prada outshines rivals with 16% revenue lift boosted by Miu Miu
Toymaker Hasbro posts quarterly profit beat, slower sales decline