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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"