Fifth & Pacific is selling Lucky Brand Jeans for $225 million so that it can better focus on its Kate Spade brand. The New York company, formerly known as Liz Claiborne, has been selling off parts of its business over the past few years. Before announcing the sale Tuesday to an affiliate of private equity firm Leonard Green & Partners LP, it sold its Juicy Couture brand in October to Authentic Brands Group for $195 million. The Lucky deal includes $140 million in cash and $85 million as a three-year seller note.
Toys"R"Us and Li & Fung Retailing have established a joint venture for the Toys"R"Us business in Southeast Asia and greater China. Existing Toys"R"Us licensed operations throughout Asia, which includes more than 100 stores and offices across nine markets, will become 70 percent owned by Toys"R"Us and 30 percent owned by Li & Fung Retailing.
From Footwear News Issue 06/13/2011 url=_footwear_news_skechers_inks_apparel_deal_with_li_fung_3652449_navSection_footwear_news; login=n; kw=; Clip Print A- A A+ LOS ANGELES — Skechers USA Inc. is getting some serious sourcing help for the launch of its upcoming fitness apparel line. The Manhattan Beach, Calif.-based company... Read the full article by SUBSCRIBING today! Subscribe now to WWD.COM (now incorporating FootwearNews.com), the premier footwear industry resource providing decision-makers with the essential news and information to keep one step ahead of the competition. Subscription includes: Immediate access to breaking Footwear industry news 24/7, now via WWD Mobile. Downloadable PDF of FN weekly issues for immediate worldwide