Designer Kenneth Cole is in talks to sell the shoe and clothing company he founded to Iconix Brand Group Inc. , the licensing company run by his brother Neil Cole , according to two people with knowledge of the matter.
Bandera Partners LLC, a New York- based investing firm, has built a 5.7 percent stake in Kenneth Cole Productions Inc. and said a buyout offer from its founder is “inadequate” given the company’s potential growth.
Tyree Johnson scrubs himself with a bar of soap in a McDonald’s bathroom and puts on fresh deodorant. He stashes his toiletries in a Kenneth Cole bag, a gift from his mother who works the counter at Macy’s, and hops on an El train. His destination: another McDonald’s.
Billionaire Mukesh Ambani’s push into retail and digital services may help Reliance Industries Ltd. build on its best profit growth in three years amid an economic slowdown and sliding natural gas output, investors say.