Betaville

UNCOOKED ALERT: Kering said to ... - Part 2

The board of Ralph Lauren, the US-listed fashion brand, is said to be holding out for a substantial takeover premium from the company interested in acquiring the business.

The identity of the mystery suitor is unknown but people following the situation have heard rumours Kering, the France-based luxury goods company, may have an interest in acquiring Ralph Lauren.

However, these people following the situation said Ralph Lauren's board is looking for a minimum of a $150 a share from any potential acquirer...