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.
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?"