NEW YORK — William L. McComb’s protracted and often painful effort to reinvent Liz Claiborne Inc. has produced a series of businesses that are bleeding money and struggling through turnarounds, and one breakout star that just might be the company’s saving grace: Kate Spade.
Claiborne’s loss for the fourth quarter ended Jan. 1 narrowed to $30.1 million, or 32 cents a diluted share, from $41.7 million, or 45 cents a year earlier, but McComb, chief executive officer since late 2006, lowered 2012 profit targets and served up a collection of bad news for Wall Street, sending shares down 7.2 percent to $5.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)