Liz Claiborne (LIZ) to Accelerate Turnaround at Mexx; Appoints Fitzgerald Interim CEO
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Liz Claiborne Inc. (NYSE: LIZ) today announced that is implementing initiatives to accelerate the turnaround of the Mexx business in Europe. These initiatives will focus on enhancing the brand by improving product appeal, more closely linking the wholesale and retail presentations and strengthening retail operations.
Effective immediately, Tom Fitzgerald will become Interim CEO. Concurrently, the company has initiated a search for a permanent CEO for Mexx which is expected to be completed by early 2009.
Liz Claiborne, Inc. engages in the design, marketing, and retail of a range of apparel, accessories, and fragrance products worldwide.
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