Thursday, February 14, 2008

Newsflash: Liz Claiborne to Sell Ellen Tracy

According to Reuters, Liz Claiborne said today it has agreed to sell the Ellen Tracy Brand for up to $42 million in cash to a group of investors including Radius Partners, William Sweedler of Windsong Brands, Barry Sternlicht and Marvin Traub.

The sale is expected to be finalized in the second quarter of 2008.

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