News - Dana Buchman
Reports Q3 pro-forma adjusted EBITDA of $23 million, in-line with guidance, excluding foreign currency transaction gainsReports GAAP earnings per share of $0.02 and adjusted earnings per share of $0.05Completed five transactions generating $471 million in cash proceeds since August
Agrees to sell Liz Claiborne and Monet brands to J.C. Penney Company, Inc. and Kensie brand to Bluestar AllianceCompletes sale of the Dana Buchman brand to Kohl'sAgrees to early termination of the DKNY® Jeans and DKNY® Active license agreementExpects year end 2011 net debt to be in the range of $270 to $290 millionProvides updated 2011 and 2012 Adjusted Pro Forma EBITDA Guidance Mexx joint venture closing remains on target for Q4 2011
NEW YORK, May 13, 2011 /PRNewswire/ -- Liz Claiborne Inc. (NYSE: LIZ) will webcast its Annual Meeting of Stockholders to the general public on Thursday, May 19, 2011, beginning at 10:00 a.m. Eastern Time.
