Liz Claiborne Inc. said that it has officially changed its name to Fifth & Pacific Cos., following an initial announcement in January that it would do so.
Liz Claiborne Inc. said that it will change its name to Fifth & Pacific Cos., effective May 15, to reflect the divestiture of its namesake brand as well as a newly honed focus on its core banners.
J. C. Penney Co. said Wednesday it will acquire the worldwide rights for the Liz Claiborne family of brands, as well as the United States and Puerto Rico rights for the Monet brand for $267.5 million.
A Thursday Reuters report said that Liz Claiborne has won the dismissal of a shareholder lawsuit that accused the company of misrepresenting its relationships with Macy's and J.C. Penney.