We’ve all heard of no-name fashion, but this is taking it a bit far. After selling its once-dominant namesake clothing label Liz Claiborne, the company (which also owns Lucky, Juicy Couture and Kate Spade), is on the hunt for a new name–and it could take up to 12 months to find it, reports the New York Post. In the meantime, the clothing company will presumably remain nameless.
After four years with zero profit, Liz Claiborne has sold its eponymous label for $267.5 million to JCPenney. That might sound like a big chunk of change to the average citizen, but when put in comparison to the company’s ’90s valuation at near $2 billion, it’s a pretty paltry sum. What’s worse, The Post speculates that while this influx of cash will help to slash Claiborne’s debt, the company will likely continue to falter under the reigns of CEO Bill McComb who the paper calls (LOL) “Edward Scissorhands.”
If you love Juicy Couture’s velour track suits–no judging, we promise–but find $196 price tag a bit jarring, good news:
Liz Claiborne, the company that now owns Juicy Couture and kicked out founders Gela Nash-Taylor and Pamela Skaist-Levy about a year ago, has hired American Eagle’s chief design officer LeAnn Nealz to head up the brand, reports WWD.
It can be deduced that her role will not only be to update the brand’s image, but also to make it even more mass than it already is. Which hopefully means slightly lower prices.
Occupation: Retail merchandise coordinator for Linea Pelle
What is your favorite TV show? True Blood
How would you describe your style? A mix of everything.
What item of clothing are you currently obsessed with? Turbans!
Where is your turban from? My mom. She finds them for me all over.
A few months ago, Britt wrote a story about a small-but-successful label called Bird, launched in 2006 by Los Angeles-based handbag designer Elizabeth Carey.
After Juicy Couture launched its own label, also called Bird, in 2009, Carey’s name and sales were cannibalized. She first attempted to reach out to Juicy Couture founders Gela Nash-Taylor and Pamela Skaist-Levy informally about the issue, but soon enough Liz Claiborne, the conglomerate that currently owns Juicy Couture, was involved.
Carey was forced to sue the company. She told Britt in April that she wanted to accomplish only one thing: “I want people to support young designers. I trademarked my company and did everything I was supposed to do. It’s a good lesson for people who want to start a brand, to know this and know that it’s out there. A big conglomerate shouldn’t be allowed to do this.”
Yesterday, we were informed that Carey was forced to give up the fight. Her collection will re-launch as Liz Carey handbags this fall.
The last two issues of Vogue Paris have been filled with initials. Carine splayed her pages with LVs, GGs, Fs, and Cs on handbags, weekenders and trunks. I’ve never owned a logo bag–save for my mini Liz Claiborne, gifted at age 5–but lately…I don’t know…that Céline bag…. Be forewarned: Logo bags are back. In the Read more →
With co-founders Gela Nash-Taylor and Pamela Skaist-Levy out, Juicy Couture is trying a new, even frillier approach. The Liz Claiborne-owned label has brought on New York-based Erin Fetherston as a consultant and guest designer. Fetherston’s tenure will begin in May and will last for about a year, slated to end with the brand’s holiday 2011 Read more →
In 2006, Elizabeth Carey started a line of handbags. She’s based out of LA, but her British husband (at the time) called her Bird (as Brits often do), and she named her brand after her nickname. She was featured in Elle, picked up by Net-a-Porter and her bags were carried by one celebrity after another. Read more →
Juicy Couture’s dynamic co-founders Gela Nash-Taylor and Pamela Skaist-Levy are stepping down as creative directors. When I contacted Liz Claiborne regarding this morning’s NY Post story suggesting the duo were leaving the company, they sent me a statement from CEO Bill McComb. Along with insisting that the founders are not “unhappy with the design direction,” Read more →
When we told you about Isaac’s new radio show, we lamented the loss of Sketches and Answers – that end segment of The Isaac Mizrahi show in which he sketches girls out of their fashion problems. But because he’s perfect, he’s found time amidst creatively directing Liz Claiborne, doing a radio show, starring on Bravo’s Read more →