Liz Claiborne Inc. Completes Sale of Emma James, Intuitions, JH Collectibles and Tapemeasure To Li & Fung USA

NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Liz Claiborne Inc. announced today that it has completed the previously announced sale of the assets of four Liz Claiborne Inc. brands under strategic review -- Emma James, Intuitions, JH Collectibles and Tapemeasure. The transaction includes the sale of trademarks and inventory. Moreover, Liz Claiborne Inc. has agreed to provide transition services to Li & Fung USA to ensure a smooth transition for retail partners, vendors and employees.

About Liz Claiborne Inc.

Liz Claiborne Inc. designs and markets an extensive range of branded women's and men's apparel, accessories and fragrance products. Our diverse portfolio of quality brands -- available domestically and internationally via wholesale and retail channels -- consistently meets the widest range of consumers' fashion needs, from classic to contemporary, active to relaxed and denim to streetwear. For more information, visit http://www.lizclaiborneinc.com/.

About Li & Fung USA

Li & Fung USA is a member of Li & Fung Limited. Li & Fung Limited is the world's leading buying agency for consumer goods, managing the supply chain for retailers and brands worldwide. Headquartered in Hong Kong, the Group services its customers globally through a sourcing network of over 70 offices in more than 40 economies. Corporate website: http://www.lifung.com/.