Kate Spade shares jump on sale talk
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.