William L. McComb

Liz Claiborne Inc. announced the appointment of David Bassuk as co-president and chief operating officer of Juicy Couture, effective Feb. 27. In this role, Bassuk will oversee finance, operations, planning and allocation, international, e-commerce, wholesale sales, and operations and facilities while partnering with co-president and chief creative officer LeAnn Nealz on the management and overall leadership of the Juicy Couture brand. Both Bassuk and Nealz will report to William L. McComb, CEO of Liz Claiborne Inc.

New York City -- Liz Claiborne Inc. said Wednesday 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. The owner of Juicy Couture, Kate Spade and Lucky Brand agreed last October to sell its Liz Claiborne and Monet brands to J.C. Penney Co. for $267.5 million in a move to reduce debt. It also sold its Dana Buchman brand to Kohl’s Corp. "While it's difficult to replace an iconic name like Liz Claiborne, we believe