Liz Claiborne Losses Widens in Q2
New York–Liz Claiborne posted Thursday a second quarter loss amid sloping sales during the period. Net loss in the second quarter of 2010 was $87 million, the company said, inclusive of income related...
View ArticleLiz Clairborne Narrows Q3 Losses
New York–Liz Claiborne Inc. has narrowed its third quarter losses after better gross margins at Kate Spade, Mexx and Partnered Brands combined with pared down expenses to offset lower sales. The...
View ArticleLiz Claiborne Lowers Second Half Forecast
New York—Shares of Liz Claiborne Inc. fell 20% in afterhours trading after the fashion behemoth reported Thursday that it cut its profit forecast in half for the second half of its fiscal year 2010....
View ArticleExecutive Changes: Mexx, American Apparel, REM Eyewear, Chico’s
Liz Claiborne names CEO of Mexx Canada New York–Liz Claiborne Inc. has named former Gap executive Lloyd A. Perlmutter as chief executive officer of its Mexx Canada division. Perlmutter will replace...
View ArticleLiz Claiborne Q2 Loss Widens, But Sales Beat Forecasts
New York–Liz Claiborne Inc. said Thursday that its second-quarter net loss widened as expenses rose, but sales, especially in its Kate Spade brand, rose beating expectations. For the quarter ended July...
View ArticleLiz CLaiborne Offloads Distribution to Li & Fung
New York–Liz Claiborne Inc. is taking steps to cut its fixed distribution costs after signing a deal with sourcing giant Li & Fung Ltd. to deliver goods to its stores and wholesale business. The...
View ArticleLiz Claiborne Sell Mexx in Joint Venture Deal
New York–Liz Claiborne agreed today to sell its Mexx business to a joint venture for an 18.75% stake in the common equity of the venture, and $85 million in cash. The Gores Group, a private equity...
View ArticleJCPenney Buys Liz Claiborne Brands for $267.5 Million
Plano,TX—JCPenney today said it plans to purchase the Liz Claiborne brands from Liz Claiborne Inc. for $267.5 million. The deal is expected to close in 30 days, giving Liz Claiborne Inc. a major boost...
View ArticleLiz Claiborne Inc. Q3 Loss Widens as It Exits Brands
New York—A leaner Liz Claiborne, Inc., which has completed $471 million in transactions since August—including the sale of its namesake brand to JCPenney—reported Wednesday a wider third quarter loss,...
View ArticleLiz Claiborne to Rename Itself Fifth & Pacific this May
New York–Liz Claiborne remains a brand name, but no longer a company moniker. Liz Claiborne has been an iconic name for almost four decades, but after JCPenney bought the brand at the end of last year,...
View ArticlePrivate Equity Firms to Take Liz Claiborne Private?
New York—Shares of Liz Claiborne Inc. jumped 21% on Friday following a report that several private firms are interesting in buying the company and taking it private. According to reports, which cited...
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