March 14, 2008 / 1:10 PM / 10 years ago

UPDATE1 -Liz Claiborne in menswear deal with Donna Karan

(Adds background on earnings and restructuring, stock performance)

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below