Home / Knowledge / News / Apparel/Garments / Liz Claiborne to be renamed as Fifth & Pacific
Liz Claiborne to be renamed as Fifth & Pacific
05
Jan '12
Liz Claiborne Inc. announced it is changing its name to "Fifth & Pacific Companies" to better communicate its strategic focus on growing its three global lifestyle brands (Juicy Couture, kate spade and Lucky Brand) and reflect the sale of the Liz Claiborne namesake brand to J.C. Penney, among other recent transactions.

The change is expected to be effective on or about May 15, 2012 at which time the Company will begin trading as Fifth & Pacific Companies Inc.

"While it's difficult to replace an iconic name like Liz Claiborne, we believe that Fifth & Pacific Companies telegraphs who we are– taking inspiration from New York and California, while describing our reach and our potential.

From New York to Los Angeles to Shanghai and beyond, our intrinsically American brands have global appeal, serving customers worldwide with high quality and imaginative product," said Liz Claiborne Inc. Chief Executive Officer William L. McComb.

Mr. McComb added: "With the steps we've taken, the new Fifth & Pacific Companies is financially stronger, with a healthy balance sheet and significantly reduced operating risk and complexity. Moreover, we are anchored by three, high-growth retail-based brands with significant expansion potential in global markets, spanning multiple product categories. In short, ours is a momentum portfolio, poised for growth and global expansion."

The announcement of the Fifth & Pacific Companies name marks the next chapter in the Company's transition from primarily serving department stores to a direct-to-consumer retailer built around three highly distinctive premium brands with global appeal.

Juicy Couture, kate spade and Lucky Brand offer high growth and high margin opportunities in the U.S. as well as abroad. Moreover, in the past year the Company completed five transactions that raised $471 million and allowed for significant debt reduction.

The Company anticipates that the name change and new stock symbol will become effective on or about May 15, 2012. Further updates will be issued as the effective date for the name change approaches. Information will also be posted on the new corporate website: Fifth & Pacific Companies Inc.

Liz Claiborne Inc. designs and markets a portfolio of retail-based, premium, global lifestyle brands including Juicy Couture, kate spade, and Lucky Brand.

Liz Claiborne Inc


Must ReadView All

China to cut import duty on 187 items, including apparel

Apparel/Garments | On 25th Nov 2017

China to cut import duty on 187 items, including apparel

China will cut import tariffs on 187 items, including food,...

Indian govt doubles MEIS incentive for garments, madeups

Textiles | On 25th Nov 2017

Indian govt doubles MEIS incentive for garments, madeups

Amid a sharp fall in exports, especially in October 2017, the Indian...

Bangladesh agrees to EU conditions for trade benefits

Apparel/Garments | On 25th Nov 2017

Bangladesh agrees to EU conditions for trade benefits

Bangladesh has decided to amend its labour law and the Bangladesh...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search