Mexx sale a win-win for Liz Claiborne

The deal revealed last week by Liz Claiborne Inc to sell its loss-making Mexx business to a joint venture led by private equity firm The Gores Group is a win-win for all concerned, the company believes. But analysts suggest more non-strategic brands could still be in the firing line.

In the money: Mexx sale a win-win for Liz Claiborne

8 September 2011

Liz Claiborne divests Mexx: what the analysts say

8 September 2011

Three months after putting its Mexx business on the block, apparel seller Liz Claiborne has divested the loss-making unit to a joint venture led by private equity firm The Gores Group. It will receive $85m and an 18.75% stake in the joint venture, with The Gores Group owning the remaining 81.25%.

Ten steps taken to turnaround Liz Claiborne

8 September 2011

Apparel seller Liz Claiborne Inc has spent the best part of the last four years trying to reduce its long-term debt and bring expenses in line with weak sales and consolidation of its department store customers. Measures have included the axing of thousands of global jobs, and the disposal of at least 14 brands - the most recent of which was its loss-making Mexx business. Here just-style charts its turnaround efforts so far.