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Bidding for Kellwood: Offer by Sun Capital Sends Shares Soaring

At first blush, Sun Capital Securities Group LLC's unsolicited $543 million bid for Kellwood Co. may seem low.

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In unrelated news, Kellwood said Wendy Chivian, senior vice president and general manager of Badgley Mischka sportswear, has been named president of Kellwood's Calvin Klein women's sportswear, which includes its licenses for Calvin Klein women's better sportswear and ck Calvin Klein women's bridge sportswear businesses. Chivian succeeds Stephen L. Ruzow, who steps down Friday and whose departure was announced after Kellwood's recent restructuring. Based in New York, Chivian reports to James S. Weinberg, group president of Kellwood's Designer Alliance.

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