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Fifth & Pacific, formerly Liz Claiborne, has changed its name once again. The company will now be known as Kate Spade & Company, reflecting the fact that it is comprised of only one brand (Kate Spade, obvs).
In addition, Bill McComb, the executive that shepherded Liz Claiborne/Fifth & Pacific through its first major name change as well as the shedding of almost its entire portfolio of fashion brands (most recently, Juicy Couture and Lucky Brand) is also stepping down from his perch as CEO. He will be succeeded by the CEO of Kate Spade, Craig Leavitt.
Go here for a press release where all parties involved profess to be just thrilled about the changes, McComb included.
· William McComb Leaving Fifth & Pacific [WWD, sub req]
· The Future of Juicy Couture's Once Glam Empire: Kohl's [Racked]
· Juicy Couture Stores Will Be Converted Into Kate Spades [Racked]