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.