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  1. Has Liz Claiborne reached a turning point?

Has Liz Claiborne reached a turning point?

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 businesses refocuses on three core brands. The company finally believes it has reached a critical turning point.

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