Handbag M&A rumors fly again

|By:, SA News Editor

There's been an increase in volatility in shares of Kate Spade (KATE +0.2%), Coach (COH -0.2%) and Michael Kors (KORS +1.8%) as M&A chatter in the handbag sector continues to circulate.

The buzz today pointed in the direction of a slowdown in the talks between Kate Spade and Coach, a development seen as positive for Michael Kors which could be slotted in as a Coach target.

YTD: Coach +13%, Michael Kors -11%, Kate Spade -6%.