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Article: WITH DEAL IN PLACE, ELLEN TRACY SET TO MOVE FORWARD.(Liz Claiborne Inc., Ellen Tracy Inc.)(Brief article)
- Article from:
- WWD
- Article date:
- February 14, 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: Whitney Beckett
The new owners of Ellen Tracy plan to maintain the label as a bridge brand and license it out, according to sources.
Liz Claiborne Inc.'s sale of Ellen Tracy to a consortium of buyers led by Windsong Brands and Radius Group for an estimated $50 million in cash and a contingent payment was expected to close overnight.
The first task will be to find a designer. George Sharp resigned as vice president of design last month to join St. John as executive vice president of design. Most of the staff will be retained.
The next step will be a battle to reclaim the volume that the traditional bridge brand has lost. When ...