USA: Liz Claiborne Buys Monet
Liz Claiborne Inc (NYSE: LIZ) today announced that it completed the purchase of the majority of the assets of the Monet Group.Monet is a leading designer and marketer of branded fashion jewelry sold through department stores, popular-priced merchandisers and internationally under the Monet, Monet Pearl, Monet Signature, Monet2, Trifari and Marvella brands. It is expected to generate annual sales of approximately $75m in 2000.Liz Claiborne Inc designs and markets an extensive range of women's and men's fashion apparel and accessories. Brands include Claiborne, Curve, Liz Claiborne, Sigrid Olsen and Villager. In addition, Liz Claiborne Inc holds the exclusive, long-term license to produce and sell men's and women's collections of DKNY® Jeans and DKNY® Active, as well as CITY DKNY® better women's sportswear in the Western hemisphere. The company also has the exclusive license to produce women's wear under the Kenneth Cole New York, Unlisted.com and Reaction Kenneth Cole brand names.
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