By  on February 16, 2017
Kate Spade RTW Fall 2017

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.

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