WWD has learned that Liz Claiborne is in talks to sell Ellen Tracy to an investment group led by Windsong Brands, a Westport, Conn.-based private equity firm.


The consortium also includes American Capital Strategies Ltd. A source close to the transaction said the deal is “imminent.”


Windsong Brands has partnered with others in investments in Joe’s Jeans and Caribbean Joe.


For more, see Monday’s issue of WWD.

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