By  on July 28, 2011

NEW YORK — Investors looked past higher second-quarter losses at Liz Claiborne Inc. and took better-than-expected revenues and the firm’s inclination to divest businesses as a sign of better days ahead, driving the stock up Thursday by 15.2 percent.

William L. McComb, chief executive officer, confirmed to analysts on a conference call that the company was trying to sell a majority stake in its loss-leading Mexx division to a financial investor. The firm also plans to close 100 to 110 money-losing Mexx stores by mid-2012.

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