Liz Claiborne Inc.’s purchase of Ellen Tracy is a homecoming of sorts for Glenn McMahon, the division’s new president, and Gail Cook, who now oversees Ellen Tracy as group president of bridge brands.

Both McMahon, who had been president of Claiborne’s Kenneth Cole women’s sportswear line, and Cook spent time at Ellen Tracy earlier in their careers, although not at the same time. They will now work together on making sure the Linda Allard Ellen Tracy and Company Ellen Tracy brands — with combined net sales of $171 million in 2001 — continue running smoothly and maintain their position as category leaders.

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