Kate Spade exploring sale: WSJ

Shares of Kate Spade, which had a market value of $1.86 billion as of Tuesday's close, were up 16 percent at $16.83 after being halted twice. Hedge fund Caerus Investors said last month that the company would make a great acquisition candidate as its stock was trading at a discount to its peers. Sales of handbags have weakened over the past year in the United States, as people shop lesser at department stores in favor of online shopping.

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Kate Spade exploring sale: WSJ

Is Victoria Beckham set to receive an OBE?

British designer Victoria Beckham is allegedly set to receive an OBE for her services to the fashion industry and for her charity work. In 2011, she introduced a secondary, lower-priced line, called 'Victoria by Victoria Beckham', and November of that year saw her win 'Best Designer Brand' at the British Fashion Awards. Prior to launching her own brand, Beckham dabbled in fashion via collaborations, designing a limited-edition collection for Rock & Republic called 'VB Rocks' in 2004 and her own jeans line titled 'DVB Denim Collection' in 2007.

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Is Victoria Beckham set to receive an OBE?