CANADA: Liz Claiborne To Buy Mexx Canada
Apparel giant Liz Claiborne Inc announced on Thursday it has agreed a deal to acquire privately held fashion apparel and accessories company, Mexx Canada Inc, for an undisclosed sum. Montreal-based Mexx Canada operates as a third party distributor in Canada for Liz Claiborne's Mexx business and posted 2001 sales of C$83 million. The Mexx brand is sold across the country with 70 per cent of its sales coming from its retail arm and the rest from its wholesale business.