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.
"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)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)