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November 01, 2007
Claiborne Considers Group Sale Of Four Brands
Liz Claiborne Inc. is hoping to sell four of its brands in a package deal, according to reports out Thursday.The fashion group is in talks with two separate buyers to sell Dana Buchman, Ellen Tracy, Sigrid Olsen and Prana, the report says.
It’s still unclear how much Claiborne would charge for the group. Combined the brands have an estimated volume of around $320 million a year.
News of the possible sale comes just two days after the company reported a 65% decline in its third quarter earnings, in part due to weak demand for its partnered brands.
Posted by Blacks on November 1, 2007 10:52 AM
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