Liz Claiborne slides 3.7% on partnership end
Shares of Liz Claiborne Inc. (NYSE:LIZ) slid 3.7% this morning after the company announced an end to its partnership with Narciso Rodriguez.
The designers first teamed up in May 2007. At this point, Narciso Rodriguez will regain full ownership of the trademarks and business bearing his name and Liz Claiborne will cease ongoing investment in the business.
Liz Claiborne said in a statement issued before the bell this morning that differences emerged over time on how best to grow the business organically.
By midday Liz Claiborne is at $13.40, down $0.52 from Tuesday’s close. The stock has ranged between $11.08 and $35.29 in the past year.
For detailed price information and news stories on Liz Claiborne, click LIZ.
About the Author
Contributing author Mary Ann Azevedo has more than 13 years of writing and editing experience that includes coverage of a broad range of companies.
Read More
(click a star)
Enter comment: