The fast-growing Kate Spade might soon have the house to herself.
Fifth & Pacific Cos. Inc. has been entertaining options to divest both its Lucky Brand and Juicy Couture businesses, according to sources, who described the process as informal but moving forward.
Private equity firms Sycamore Partners and TSG Consumer Partners are both said to be interested in Lucky. TSG is also understood to have met with William L. McComb, chief executive officer of Fifth & Pacific, on the matter. Other investors are considering a run at the denim brand, and that could make for a relatively active sale process.
Sources said at least one Asian player is said to be interested in Juicy, which has changed course several times and expects to spend this year rejiggering its business.
A spokeswoman for Fifth & Pacific said, “We do not comment on market speculation or rumors.” Spokesmen for Sycamore and TSG declined to comment.
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