Slimmer Liz Claiborne to trim corporate costs
The new slimmed-down Liz Claiborne Inc, which in recent months has sold several under-performing brands including Mexx and its namesake Liz Claiborne label, has admitted it will also have to trim its corporate costs in line with its smaller footprint - but that an investment in new IT systems is also on the cards.
Slimmer Liz Claiborne to trim corporate costs
10 November 2011
The new slimmed-down Liz Claiborne Inc, which in recent months has sold several under-performing brands including Mexx and its namesake Liz Claiborne label, has admitted it will also have to trim its corporate costs in line with its smaller footprint - but that an investment in new IT systems is also on the cards.
US: Liz Claiborne reaffirms FY despite wider Q3 loss
9 November 2011
Apparel seller Liz Claiborne Inc, which in recent months has sold several under-performing brands including Mexx and its namesake Liz Claiborne line, has reaffirmed its full-year targets despite seeing its third quarter loss widen.
US: Liz Claiborne completes JC Penney transactions
3 November 2011
Liz Claiborne announced that it has completed the sale of its Liz Claiborne and Monet brands to JC Penney.
US: Liz Claiborne completes Mexx sale
2 November 2011
Liz Claiborne has completed the sale of its Mexx division to a joint venture with private-equity firm the Gores Group.
US: Liz Claiborne completes sale of Kensie brands
25 October 2011
Liz Claiborne Inc has completed the sale of its Kensie, Kensiegirl and Mac & Jac brands to affiliates of Bluestar Alliance, as part of a wider brand sell-off announced earlier this month.
VIEWPOINT: Has Liz Claiborne reached a turning point?
13 October 2011
Five years after taking the helm at Liz Claiborne Inc, it's hard to see exactly what William McComb has achieved. Sales are down, last year it could only muster a loss of $305.7m, and nearly one-quarter of its heyday brands have gone. But yesterday the company was confident it had finally reached a critical turning point.
US: Liz Claiborne to change name amid $328m brand sale
12 October 2011
Struggling apparel firm Liz Claiborne Inc is to shed more brands, including its namesake line, for $328m as part of ongoing attempts to reduce its long-term debt, and will change its name as the business refocuses on three core brands.
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