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Kate Spade Explores Potential Sale

Kate Spade may be losing its grip in the retail sector.

After unstellar stock results, plummeting sales and declining consumer activity, the troubled brand is exploring a possible sale and holding early discussions with an investment bank and interested buyers, the Dow Jones reported.

After Dow Jones released a report on Nov. 4, Kate Spade shares went up 25 percent to $18. Investors said that the potential sale could surpass Kate Spade’s recent price and potentially improve the company’s financial situation.

Read more at Sourcing Journal.

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