January 22, 2017: My research has caused me to be of the opinion that Kate Spade is one of the most promising takeover plays on Wall Street.
Back on December 28, 2016, rumors circulated that Kate Spade wanted to sell itself and had hired advisers to contact potential buyers. A day later, on December 29, 2016, rumors circulated that Kate Spade had begun the formal sale process and that they had six possible bidders in mind, mainly other retailers.
On Saturday, January 21, 2017, the mainstream media reports that Coach and Kors have expressed interest in Kate Spade. Coach and Michael Kors executives are both discussing potential bids for KATE with their boards. Some foreign luxury brands are also believed to be interested in Kate Spade.
Kate Spade Stock Chart
Kate Spade & Company designs and markets accessories and apparel principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade. The Company’s four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. The Company also owns Adelington Design Group, a private brand jewelry design and development group.