Liz will speed the roll out of Juicy Couture globally

21 Feb '11

4 min read

“Looking forward, we expect to see sequential improvement in most of our key operating metrics through 2012. In light of where we finished 2010, our forecast for 2011 and our view of current market conditions overall, we currently target adjusted EBITDA for 2012 in the range of $180 million to $220 million. This range reflects the sensitivity in our overall corporate performance to achieving profitability at Mexx Europe.”

“Our management and board remain committed to delivering meaningful value to our shareholders. While this target falls short of the goals we laid out in our 2012 threshold framework, we remain focused on achieving the profits and cash flows required to hit those threshold goals as quickly as possible. We recognize that we have a very diverse and valuable portfolio of brands, and appreciate that there are many different ways to create value for our shareholders over time. Today, our initiatives will be aimed at strengthening these options and asset values over time by improving operations and consumer brand strength."

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