Headlines

Liz and Kenneth in Splitsville

Liz Claiborne sells its shares in Kenneth Cole Productions

Published

20 years ago

December 15, 2004

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Liz Claiborne Inc. (New York) announced that it would record a pre-tax gain of approximately $12 million associated with the sale of all 1.5 million shares of stock previously held in Kenneth Cole Productions Inc. (New York).

The companies had said earlier this year that they would not renew a deal in which Liz Claiborne designs, manufacturers and sells women’s sportswear under the Kenneth Cole label.

The fashion retailer will also close its Mexx Europe catalog business and a distribution center in Secaucus, N.J.

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