By  on February 17, 2011

NEW YORK — William L. McComb’s protracted and often painful effort to reinvent Liz Claiborne Inc. has produced a series of businesses that are bleeding money and struggling through turnarounds, and one breakout star that just might be the company’s saving grace: Kate Spade.

This story first appeared in the February 18, 2011 issue of WWD. Subscribe Today.

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