|
|
Article: LIZ CLAIBORNE ACQUIRES MEXX GROUP.(Brief Article)
- Article from:
- WWD
- Article date:
- May 17, 2001
- Author:
CopyrightCOPYRIGHT 2001 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)
|
NEW YORK -- Liz Claiborne Inc.'s growing portfolio of brands swelled further Wednesday when it signed a definitive agreement to purchase 100 percent of the stock of European apparel and accessories company Mexx Group BV.
Paul R. Charron, chairman and chief executive officer of Liz Claiborne, said the acquisition came about five months after initiating discussions with executives of Mexx Group, a privately held company based in the Netherlands. Liz Claiborne paid about $264 million for the company, based on Tuesday's exchange rate, including the assumption of debt. The transaction is expected to close by the end of May.
This acquisition represents the ...
Related newspaper, magazine, and journal articles:
|