Deliberations are ongoing and the company may decide not to proceed with a stake sale, the people said. A representative for Charles & Keith didn’t immediately respond to requests for comment.
Charles & Keith Group Pte, a Singapore-based fashion house, is exploring the sale of roughly a 20% stake, according to people with knowledge of the matter.
The footwear and accessories retailer is working with a financial adviser on the sale, the people said, asking not to be identified as the process is private. A deal could value the fashion brand at more than US$2 billion ($2.76 billion), they said.
