USA: Liz Claiborne Buys Ellen Tracy For $180m
Women's clothing giant Liz Claiborne Inc on Monday announced the acquisition of sportswear maker Ellen Tracy Inc for $180 million, including assumed debt, as it looks to boost its presence in a higher-priced category. New York-based Ellen Tracy sells its products at "bridge" price points, mainly to select specialty stores and upscale department stores, under the Ellen Tracy Inc, Linda Allard Ellen Tracy and Company Ellen Tracy brands