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.
Mukesh Ambani, the world’s richest energy billionaire, is seeking to increase the share of his group’s revenue from new ventures in telecommunications and retail to as much as 40 percent, said a company official with knowledge of the plan.