Kate Spade shares jump on sale talk

China Daily (Hong Kong) - - BUSINESS -

the Na­tional De­vel­op­ment and Re­form Com­mis­sion, and other eight govern­ment de­part­ments. Kate Spade & Co surged the most in more than four years af­ter Dow Jones re­ported that the lux­ury hand­bag maker — which had been un­der pres­sure from an ac­tivist in­vestor — is work­ing with bankers to ex­plore a sale. Share­holder Caerus In­vestors had pushed the com­pany last month to find an ac­quirer that could help it im­prove its profit mar­gins. Kate Spade is now work­ing with an in­vest­ment bank and has reached out to po­ten­tial buy­ers, Dow Jones re­ported on Wed­nes­day, cit­ing peo­ple fa­mil­iar with the mat­ter.

MOR­RIS MACMATZEN / GETTY IM­AGES

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