The Liz Claiborne Inc. board is standing by its man.
Despite disappointing earnings and a lagging stock price, Liz Claiborne's board members remain behind chief executive officer William L. McComb and his strategy. Board members firmly dismissed growing speculation that they are questioning McComb's performance, and instead attributed the anticipated missed earnings not to problems with the company's strategy, execution or leadership, but rather to inherited problems, changes in the wholesale marketplace and macroeconomic issues.
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?"