Liz Sells Four to Li & Fung
New York–based manufacturing giant Liz Claiborne Inc. sold four of its brands to Li & Fung USA, a division of Hong Kong–based Li & Fung Ltd. Li & Fung will become the owners of the Emma James, Intuitions, JH Collectibles and Tapemeasure brands and inventories when the sale finalizes in the fourth quarter of 2007. Liz Claiborne will provide “transition services” to Li & Fung to ensure a smooth transition, the company said. Liz Claiborne also announced plans to fold its denim labels Stamp 10 and Tint into its Axcess and Liz & Co. divisions, respectively. After the transition, Stamp 10 and Tint will no longer exist as separate labels. And the company announced that it will discontinue its First Issue business with Sears by the end of the year.
