Established at a time when women were entering the workforce in large numbers, Liz Claiborne and her partners saw the opportunity to provide versatile, fashionable wardrobes that were appropriate for work, but still conveyed a sense of individuality and femininity. A working woman herself, Liz understood how liberating it would be to mix and match separates rather than have to rely on the traditional dress or gray flannel suit. Thus, out of a small office on 40th street in Manhattan, Liz Claiborne the brand was born, transforming the way women dressed and ultimately, how they shopped.

The concept was simple: Provide the ensemble driven sportswear that had been available for many years at designer level prices through the likes of Calvin Klein and Bill Blass, but make it affordable for the working woman.

There was a major stumbling block, however. Up until this point, department stores were by and large classification oriented - pants were in one department, skirts in another and shirts in yet another. To put together a wardrobe a consumer had to go from department to department and hope that the colors and pieces would match. Additionally, department store buyers were classification-focused and were not equipped to buy merchandise from one brand across product lines.

To overcome this, Liz Claiborne executives worked with retailers to test the concept of presenting all of the brand's related sportswear pieces in one department, streamlining the consumer's shopping experience.

As the Company grew, manufacturing and sourcing capabilities became more and more important. For the first several years the company was doing everything it could to keep up with demand and fill orders, largely using domestic manufacturers. Distribution executives were nervous wondering how they could possibly ship 50,000 units per week.

In the mid- 1970s and into the early 1980s the Company again questioned the norm in the apparel industry by testing the concept of manufacturing overseas. Liz Claiborne established a production control office in Hong Kong by mid-1976. However, as volume and orders increased, issues with getting the amount of merchandise needed at the right quality and price levels from the domestic suppliers began to arise, and sourcing more product overseas looked like the most viable way to address this issue. Using a poet blouse - one of the hottest selling, yet hardest to produce items as a test - Liz Claiborne executives contracted a factory in Taiwan to produce a large quantity. The quality and price of the garments that arrived in the warehouse blew everyone away and the rest is history - Liz Claiborne Inc. now sources its products in more than 40 countries around the world and routinely ships five million units per week in the U.S. alone.

Liz Claiborne Inc. became a large company in a small industry very quickly and in 1981 went public to much fanfare. In a time when apparel company IPOs were not well received Liz Claiborne's offering was highly successful. And this was just the beginning...by 1985 Liz Claiborne Inc. was the first company founded by a woman to be listed in the Fortune 500.

Of the original founders, Leonard Boxer retired from the Company in 1985, and in 1989, after 13 years, Liz Claiborne and Art Ortenberg announced their retirement from active management. Jerry Chazen, the fourth original partner, became the company's Chairman in 1989. Paul R. Charron joined the company in 1994 as vice chairman and chief operating officer. One year later he became president and chief executive officer, and was elected chairman in 1996. Mr. Charron retired at the end of 2006, after 12 years at Liz Claiborne Inc.

In November 2006, William L. McComb joined the company as chief executive officer. In January 2007, Board member Kay Koplovitz, principal of Koplovitz & Co., a media investment firm and the founder of international cable television programming company USA Networks, became non-executive Chairman of the Board. On July 11, 2007, CEO William L. McComb announced the framework of a new organizational structure that was a crucial step in making Liz Claiborne Inc. into a more brand-focused and cost-effective business that can successfully navigate a rapidly changing retail environment. Accordingly, this new organizational structure puts "brand" at the center, enabling a more consistent, focused approach to brand strategy for all of the names in our portfolio.

The Company now operates via two distinct segments:

• Direct Brands: brand-centric, vertically organized
• Partnered Brands: Customer-focused, cost efficient

This structure reflects the distinct needs of each business segment, which have different growth prospects, capital requirements and cultural profiles. Our retail-based Direct Brands division will benefit from enhanced retail infrastructure and capabilities, while our wholesale-based Partnered Brands division will be better positioned to meet the needs of specific customers.

Direct Brands

Juicy Couture, Kate Spade, Lucky Brand and Mexx will operate under brand-centric, vertical organizational structures within the Direct Brands Division.

Partnered Brands