Liz Claiborne signs confidential contract with J Jill Group
14 Dec '05
1 min read
Latest fashions provider Liz Claiborne Inc announced that it has entered into a confidentiality agreement with The J. Jill Group.The agreement will allow Liz Claiborne to participate in J. Jill's process of exploring its strategic alternatives, including a possible business combination with Liz Claiborne.
Liz Claiborne expects the due diligence process to commence shortly. Liz Claiborne will make no further comment at this time.
Goldman, Sachs & Co is acting as financial advisor to Liz Claiborne. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor.
New York based Liz Claiborne Inc is a designing & marketing an extensive range of fashion apparel and accessories for women, men, teens, children and infants.
The Company also markets fragrances for women and men. The 41 brands in the Liz Claiborne Inc portfolio are available at more than 30,000 points of sale worldwide.