LIZ ACQUISITION: Liz Claiborne Inc. has purchased all outstanding equity interests in Westcoast Contempo Fashions Ltd. and Mac and Jac Holdings Ltd., which design, market and sell the Mac & Jac, Kenzie and Kenziegirl apparel lines. The purchase price, which includes the retirement of debt at closing, was estimated at $23.6 million, plus additional payments based upon a multiple of Mac & Jac’s earnings in the 2006, 2008, 2009 and 2010 fiscal years. Mac & Jac generated net sales of about $40 million in fiscal year 2005. Westcoast Contempo Fashions, founded in 1985, is based in Vancouver. Mac & Jac is distributed primarily through specialty and department stores in the U.S. and Canada, including Nordstrom, Macy’s and Dillard’s, as well as Hudson’s Bay. The company also operates two freestanding stores under the Kenzie name in the U.S., one in Seattle and the other in Santa Monica, Calif. Through its joint venture operation in China, the company operates more than 40 retail locations under the Mac & Jac and Kenzie names.