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NEW YORK, March 14 (Reuters) - 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 Canada.
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 lines.
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)