(Adds background on earnings and restructuring, stock
NEW YORK, March 14 Clothing manufacturer Liz
Claiborne Inc LIZ.N said on Friday that it had entered into a
licensing deal with Donna Karan International to create a new
collection of men's sportswear in the United States and
Liz Claiborne said DKNY Men's would be available in
department stores this fall. The company already holds a
license to make and sell the DKNY Jeans and Active apparel
On Thursday, Liz reported a $435.7 million quarterly net
loss after a goodwill impairment charge. The company is in the
middle of a restructuring that includes selling, licensing of
discontinuing 16 brands.
Liz shares are down more than 60 percent from their 52-week
high reached in April.
(Reporting by Jennifer Coogan; Editing by Lisa Von Ahn)