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Article: CHARRON'S CATHARSIS.(Paul R. Charron, Liz Claiborne Inc.)(Brief Article)(Interview)
- Article from:
- WWD
- Article date:
- June 13, 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)
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"These are very demanding times. As consumers, we expect the moon, as investors we expect 15 percent appreciation in our individual portfolio," said Paul R. Charron, chairman and chief executive officer of Liz Claiborne Inc.
But delivering on that is not an easy task, Charron pointed out.
Since 1994, Charron has spearheaded the turnaround of Liz Claiborne, the $3.1 billion apparel giant. "I came to Liz Claiborne as an agent of change. Sales were down, market share was down, profits were down, morale was down and the board and the shareholders were most unhappy. We had many advantages, but we had a lot of issues. The challenges we faced were quite ...