Home / Knowledge / News / Fashion / Liz Claiborne to cease ongoing investment in business
Liz Claiborne to cease ongoing investment in business
Oct '08
Liz Claiborne Inc and Narciso Rodriguez announced that they have agreed to terminate their business relationship initiated in May 2007. As a result of this agreement, Narciso Rodriguez will regain full ownership of the trademarks and business bearing his name.

Liz Claiborne Inc will provide certain limited transition services as the operations transfer fully to Narciso Rodriguez. The company is in the process of determining the impact of the non-recurring cash charges, which will be insignificant to the company's cash flows, and non-cash charges associated with this transaction. The operating results of the Narciso Rodriguez brand and the impact of this termination will be included as discontinued operations in the company's financial statements.

Commenting on the announcement, William L. McComb, Chief Executive Officer, Liz Claiborne Inc, said: "We continue to believe Narciso is one of the great American designers and we have the utmost respect for his talent and creative abilities."

Mr. McComb continued, "Initially we both saw significant opportunities to develop the collection in multiple product categories, channels and geographies, but differences emerged as to how best to achieve this organic growth, and we have decided to terminate our business relationship by mutual agreement."

Mr. Rodriguez said: "I am pleased that Liz Claiborne Inc and I have found a mutually beneficial agreement. Ownership of my trademark and the company will give me the ability to explore a multitude of new opportunities and realize our full potential as a luxury brand."

Liz Claiborne Inc

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search