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Liz Claiborne Sells Mexx

Liz Claiborne has sold its global Mexx business to a joint venture in exchange for 18.75 percent of the common equity of the joint venture and total cash consideration of $85 million. The Gores Group owns the 81.25 percent majority interest in the joint v

Liz Claiborne has sold its global Mexx business to a joint venture in exchange for 18.75 percent of the common equity of the joint venture and total cash consideration of $85 million. The Gores Group owns the 81.25 percent majority interest in the joint venture.

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