Retail star Kate Spade attracts buyout interest

|About: Kate Spade & Company (KATE)|By:, SA News Editor

Fifth & Pacific's (FNP +0.6%) Kate Spade brand is drawing interest from potential buyers, according to Bloomberg.

Kate Spade has a very strong track record of sales growth in the U.S. with on-trend designs.

Sterne Agee thinks that interest is so high that a sale could fetch more than Fifth & Pacific's current market cap.