By  on November 9, 2011

Now that the soon-to-be renamed Liz Claiborne Inc. has trimmed down and raised money to retire debt, it is focusing on Juicy Couture, Lucky Brand and Kate Spade — which chief executive officer William L. McComb said together could grow into a better than $4.5 billion retail business globally.

But at least for the third quarter, Claiborne was still working off the vestiges of its former structure. Since August, Claiborne has raised $471 million selling the Liz Claiborne brand to J.C. Penney Co. Inc., fragrance trademarks, a majority stake in the Mexx division, Dana Buchman, Kensie and Mac & Jac. Its debt load, which totaled $747 million at the end of the third quarter, should weigh in at $270 million to $290 million by year’s end.

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