Liz Claiborne Buys Kate Spade

The price? $124 million.
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Liz Claiborne (LIZ) completed the purchase of Kate Spade LLC for $124 million.

New York-based Kate Spade is a designer, marketer, wholesaler and retailer of fashion accessories for women and men through its kate spade and Jack Spade brands. Kate Spade generated net sales of $84 million for the fiscal year ended July 30.