Shares of Kate Spade & Co. spiked Thursday after the company confirmed it was reviewing its strategic alternatives, but not everyone agreed about how much Kate could provide in terms of growth trajectory.
The company — which also posted fourth-quarter results — confirmed that it was undergoing a strategic review that includes a potential sale. The company in November had been pushed to undertake that action by activist investor Caerus Investors, a New York hedge fund. The accessories firm said, “The board plans to proceed in a timely manner, but has not set a definitive timetable for completion of this process.” Kate noted there was no guarantee that the process would result in a sale.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)