They look forward to working with the entire Mac & Jac management team to maximize their performance within Liz Claiborne.
They expect this transaction to have a slightly accretive impact on fiscal 2006 earnings."
Eric and Lani Karls, co-founders of Mac & Jac, said: "They are excited to join the Liz Claiborne family and access resources that will enable us to grow their great brands faster.
They are very impressed by Liz Claiborne's management and their proven track record of acquiring brands and allowing the businesses to reach their full potential.
Liz Claiborne Inc designs and markets an extensive range of women's and men's fashion apparel and accessories appropriate to wearing occasions ranging from casual to dressy. The Company also markets fragrances for women and men.
marketing@alchempro.com
