Article: Liz Claiborne Inc. Sells Emma James, Intuitions, JH Collectibles and Tapemeasure to Li & Fung USA.

NEW YORK, Sept. 13 /PRNewswire-FirstCall/ -- Liz Claiborne Inc. and Li & Fung USA, a member of Li & Fung Limited, today announced that they have reached an agreement for the sale of the assets of four of Liz Claiborne Inc.'s brands under strategic review -- Emma James, Intuitions, JH Collectibles and Tapemeasure. The transaction, which is expected to close in the fourth quarter of 2007, includes the sale of trademarks and inventory. Liz Claiborne Inc. has agreed to provide transition services to Li & Fung USA to ensure a smooth transition for retail partners, vendors and employees.

Seeking to enhance its businesses at Kohl's and JC Penney, Liz Claiborne Inc. also ...

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