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find a more current profile for
Liz
Claiborne Inc.
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Liz Claiborne Inc.
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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 direct-to-consumer
channels - consistently meets the widest range of consumers’ fashion needs,
from classic to contemporary, active to relaxed and denim to streetwear. Liz
Claiborne Inc.’s brands include Axcess, Bora Bora, C & C California,
Claiborne, Concepts by Claiborne, Curve, Dana Buchman, Elisabeth, Ellen
Tracy, Emma James, Enyce, First Issue, Intuitions, J.H. Collectibles, Juicy
Couture, Kate Spade, Kenzie, Kenziegirl, Laundry by Shelli Segal, LIZ, Liz &
Co., Liz Claiborne, Lucky Brand Jeans, Mac & Jac, Mambo, Marvella, Mexx,
Monet, Monet 2, Prana, Realities, Sigrid Olsen, Soul, Spark, Stamp 10,
Tapemeasure, Tint, Trifari, Villager and Yzza. In addition, Liz Claiborne
Inc. holds the exclusive, long-term license to produce and sell men's and
women's collections of DKNY® Jeans and DKNY® Active in the Western
Hemisphere. The Company also has the exclusive license to produce jewelry
under the Kenneth Cole New York and Reaction Kenneth Cole brand names.
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In 1976, a relatively unknown dress designer, her textile veteran
husband and two partners established, Liz Claiborne Inc., a
design-driven company that would revolutionize the fashion industry
- from how women dress for work, to where product is sourced, to how
it is sold into and at department stores. With less than half a
million dollars and a clear focus on design, quality and value,
these four partners - Liz Claiborne, Art Ortenberg, Leonard Boxer
and Jerome Chazen - created what is now a nearly $5 billion public
company.
Dressing Women for Work
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.
Manufacturing Innovation
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.
Reaching New Business Heights
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.
Now, with a portfolio of more than 40 brands, Liz Claiborne Inc.
creates fashion for everyone - women and men, girls and boys,
apparel and non-apparel, modern and classic, career and casual. From
Main Street to the mall, department stores to specialty stores, and
luxury retailers to discount retailers, our product reaches
consumers wherever and whenever they shop. |
View a more recent profile at
Liz
Claiborne Inc. |