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Article: PRIVATE EQUITY GROUP SAID CLOSE TO BUYING ELLEN TRACY FROM LIZ.(Windsong Brands, Liz Claiborne Inc., Ellen Tracy Inc.)
- Article from:
- WWD
- Article date:
- January 7, 2008
- Author:
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vicki M. Young, With contributions from Whitney Beckett
Liz Claiborne Inc. is said to be close to a deal to sell the Ellen Tracy brand to a consortium led by Windsong Brands, a Westport, Conn.-based private equity firm.
A source familiar with the talks said a deal is "close" to completion. Another financial source used the term "imminent" to describe the pending transaction.
WWD reported on Nov. 1 that Windsong was among those said to be bidding for the brand.
A source close to the talks said Windsong is coleading the consortium with the Radius Group, but declined to provide more information. Other investors in the consortium ...