NEW YORK — Liz Claiborne Inc. is now Fifth & Pacific Cos. Inc. and William L. McComb, its chief executive officer, is on the offensive.
Gone is the apparel manufacturer that put a generation of working women in pantsuits and grew into a portfolio-centric company with more than 30 brands. The Liz Claiborne brand was sold to J.C. Penney Co. Inc. last year while a majority of the ailing Mexx division was spun off along with a number of other assets, and the proceeds were used to cut the company’s debt load to $317 million from $698 million just over a year ago. The changes sparked the name change, which was revealed in January and will be made official today when the company’s stock will start trading under the ticker FNP.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)