• PEOPLE’S PROFITS: People’s Liberation Inc. posted net income of $851,184 on sales of $11 million for the third quarter ended Sept. 30. The producer of William Rast, People’s Liberation and J. Lindeberg fashions, which is in a legal battle with Charlotte Russe, said it expects the retailer to stop buying its namesake line. The firm will cut costs to compensate for the lost revenue. “We are continuing our retail rollout strategy for our William Rast and J. Lindeberg brands,” said Colin Dyne, chief executive officer.
This story first appeared in the November 17, 2009 issue of WWD. Subscribe Today.