Kate Spade bidding war still includes Coach and MK

• Michael Kors (KORS) and Coach (COH) survived into the second round of bidding to land Kate Spade (NYSE:KATE), according to Reuters.
• Sources indicate that at least one non-U.S. company is also still in the hunt.
• The bidding process is expected to last another month.
• Shares of Kate Spade are up 24% since the word of the company's strategic review first broke.