WWD.com/business-news/financial/people-s-liberation-profits-2372269/
government-trade
government-trade

In Brief: People’s Liberation Profits

Vendor to cut costs.

• 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.