By  on February 29, 2012

The picture at Liz Claiborne Inc. is coming into focus.

The namesake brand is now off the books, sold along with Monet to J.C. Penney Co. Inc., and Dana Buchman was shifted to Kohl’s Corp. All together, the asset sales added $271 million to the firm’s fourth-quarter bottom line, pushing it into the black.

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