Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

Liz Claiborne latest

US: Liz Claiborne sells Prana brand back to founders
On Monday (4 January) Liz Claiborne announced it was to sell its climbing and yoga wear brand Prana for around US$40m to Prana Living LLC, a company formed by Prana's management team and private equity firm Steelpoint Capital Partners.

LVMH counts on leather

FRANCE: LVMH profit climbs 8% during full-year
It was revealed Wednesday that luxury goods giant LVMH increased full-year net profit by 8% in 2007, buoyed by its fashion and leather goods unit.

Sports Direct broadens horizons

UK: Sports Direct targets China via £20m retail deal
On the same day Sports Direct International outlined plans to sell its leasurewear brands in China, having inked a GBP20m deal with domestic retailer ITAT Group Limited.

Timberland troubles

US: Restructuring, lower sales hurt Timberland Q4
Boot maker Timberland yesterday closed the books on a "disappointing year" with a lower fourth quarter profit, hurt by restructuring charges and lower sales of its boots and kids' footwear.

Changes at Macy's

US: Macy's to axe 2,300 jobs in restructuring
Department store operator Macy's Inc is to axe 2,300 management jobs as part of a restructuring that will see it consolidate into three divisions in an attempt to reduce costs and offset falling sales, just-style reported today.