Liz Claiborne Inc. (NYSE: LIZ) today announced it is changing its name to "Fifth & Pacific Companies" to better communicate its strategic focus on growing its three global lifestyle brands (Juicy Couture, kate spade and Lucky Brand) and reflect the sale of the Liz Claiborne namesake brand to J.C. Penney, among other recent transactions. The change is expected to be effective on or about May 15, 2012 at which time the Company will begin trading as Fifth & Pacific Companies, Inc. (NYSE: FNP).

• Agrees to sell Liz Claiborne and Monet brands to J.C. Penney Company, Inc. and Kensie brand to Bluestar Alliance
• Completes sale of the Dana Buchman brand to Kohl's
• Agrees to early termination of the DKNY® Jeans and DKNY® Active license agreement
• Expects year end 2011 net debt to be in the range of $270 to $290 million
• Provides updated 2011 and 2012 Adjusted Pro Forma EBITDA Guidance
• Mexx joint venture closing remains on target for Q4 2011

Liz Claiborne Inc. (NYSE: LIZ) will webcast its Annual Meeting of Stockholders to the general public on Thursday, May 19, 2011, beginning at 10:00 a.m. Eastern Time. This webcast can be accessed via the Investor Relations section of the Liz Claiborne website at www.lizclaiborneinc.com. An archive of the webcast will be available through Thursday, June 9, 2011.

About Liz Claiborne Inc.

Liz Claiborne Inc.

Liz Claiborne, Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY® Jeans and DKNY® Active brands. The Liz Claiborne and Claiborne brands are available at JCPenney, the Liz Claiborne New York brand designed by Isaac Mizrahi is available at QVC, and the Dana Buchman and Axcess brands are sold at Kohl's. Visit www.lizclaiborneinc.com for more information.

Liz Claiborne Inc. will webcast its 2011 Investor Day Conference to the general public on Thursday, April 28, 2011, beginning at 9:00 a.m. Eastern Time. This webcast can be accessed via the Investor Relations section of the Liz Claiborne Inc. website at www.lizclaiborneinc.com.  An archive of the webcast will be available through Thursday, May 19, 2011

Liz Claiborne, Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY® Jeans and DKNY® Active brands. The Liz Claiborne and Claiborne brands are available at JCPenney, the Liz Claiborne New York brand designed by Isaac Mizrahi is available at QVC, and the Dana Buchman and Axcess brands are sold at Kohl's. Visit www.lizclaiborneinc.com for more information.

Liz Claiborne, Inc. (NYSE: LIZ) (the "Company") today announced that it intends to offer $200.0 million aggregate principal amount of senior secured notes due 2019 (the "Notes").

The Company plans to use the net proceeds from the offering primarily to fund the previously announced tender offer for up to euro 155.0 million of its 5.0% euro notes due July 2013 (the "Euro Notes"), of which approximately euro 350.0 million principal amount are currently outstanding, and to pay related fees, expenses and commissions, along with accrued and unpaid interest on the tendered Euro Notes. Any remaining proceeds will be used for general corporate purposes. The Notes will be guaranteed on a senior secured basis by certain of the Company's current and future domestic subsidiaries. The Notes and the guarantees will be secured on a first-priority basis by a lien on certain of the Company's trademarks and by a second-priority interest in the Company's and the guarantors' assets that secure the Company's revolving credit facility.

The Notes will be offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The issuance and sale of the Notes have not been registered under the Securities Act, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of any Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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Liz Claiborne, Inc. (NYSE: LIZ) (the "Company") today announced the early tender results from its previously announced cash tender offer (the "Offer") to purchase up to euro 155,000,000 aggregate principal amount of its euro 350,000,000 5.0% Notes due 2013 (the "Notes"), subject to increase or decrease by the Company (the "Maximum Principal Amount") pursuant to a Tender Offer Memorandum dated March 8, 2011 (the "Tender Offer Memorandum").

Liz Claiborne, Inc. today announced that it is commencing a cash tender offer (the "Offer") to purchase up to euro 155,000,000 aggregate principal amount of its euro 350,000,000 5.0% Notes due 2013 (the "Notes"), subject to increase or decrease by the Company (the "Maximum Principal Amount").  The Offer and the Proposal (as defined below) are being made in accordance with the terms and subject to the conditions contained in a Tender Offer Memorandum dated March 8, 2011 (the "Tender Offer Memorandum").  The Offer will expire at 5:01 a.m. London time (12:01 a.m. New York time) on April 5, 2011, unless extended or earlier terminated by the Company (the "Expiration Deadline").  Concurrently with the Offer, the Company is inviting holders of the Notes to consider and pass an Extraordinary Resolution to provide for the amendments discussed below to be made to the terms and conditions of the Notes (the "Proposal").

Following a comprehensive review, Liz Claiborne Inc. (NYSE: LIZ) today announced plans to exit its Liz Claiborne branded outlet stores in the United States and Puerto Rico. As a result of this decision, the Company expects the meaningful operating losses related to this business to be eliminated in early 2011 when this action is anticipated to be completed. The Company's other outlet stores in the United States and Puerto Rico for its Juicy Couture, Lucky Brand, Kate Spade and Kensie brands are not impacted by this decision.

Liz Claiborne Inc. (NYSE: LIZ) is scheduled to present at Imperial Capital's Second Annual Consumer Summit on Thursday, June 10, 2010 at 10:00 a.m. Pacific Time at the SLS Hotel in Beverly Hills, California.

The presentation will be simultaneously broadcast on the Internet and can be accessed via the Liz Claiborne web site.  An archived broadcast will be available on
this web site through July 1, 2010.

About Liz Claiborne Inc.

Liz Claiborne Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY®
Jeans, DKNY® Active and DKNY® Mens brands. The Dana Buchman and Axcess brands are sold at Kohl's, and beginning in Fall 2010, the Liz Claiborne and Claiborne brands will be available at JCPenney and the Liz Claiborne New York brand designed by Isaac Mizrahi will be available at QVC. Liz Claiborne New York will also be available at Company-owned outlet stores and internationally.

Juicy Couture is making a much-anticipated entrance into Canada, opening the brand’s first freestanding store location at the Yorkdale Shopping Center in Toronto.

Continuing to broaden its global reach, Juicy will bring everything the brand represents to Canada. The Toronto boutique will showcase the brand’s creative identity and signature spirit of feminine wit, whimsy, and fun. With 2,100 square feet, the store brings Juicy’s eclectic point of view to life, featuring fashion inspirations that mix laid-back California chic with English rock star. With vivid colors and innovative in-store presentations, Juicy’s latest setting in Toronto will be everything a girl could want and more!

Liz Claiborne Inc. (NYSE: LIZ) announced earnings for the first quarter 2010. Unless otherwise noted, references to loss from continuing operations, net loss and adjusted loss or income from continuing operations and associated per share amounts refer to such amounts attributable to Liz Claiborne Inc. For the first quarter of 2010 and on a GAAP basis, the loss per share from continuing operations was ($0.67) compared to a loss per share from continuing operations of ($0.91) for the first quarter of 2009. Adjusted loss per share from continuing operations for the first quarter was ($0.38) compared to an adjusted loss per share from continuing operations of ($0.36) for the first quarter of 2009. Net sales for the first quarter were $608 million, a decrease of $167 million, or 21.5%, from the comparable 2009 period. Excluding the impact of a $52 million decrease in net sales of the Liz Claiborne family of brands resulting from the transition to the licensing models under the JCPenney and QVC arrangements, net sales decreased $115 million, or 14.8%.

Liz Claiborne Inc. (NYSE: LIZ) today announced that Lisa Piovano Machacek has been appointed Senior Vice President and Chief Human Resources Officer, effective immediately. Ms. Piovano Machacek will report directly to William L. McComb, Chief Executive Officer, Liz Claiborne Inc. and is responsible for all Human Resources functions across the company.

Liz Claiborne Inc. (NYSE: LIZ) today announced the appointment of David DeMattei as Chief Executive Officer, Lucky Brand Jeans, effective January 4, 2010. Mr. DeMattei is an experienced leader and respected brand builder whose career has spanned over 25 years in the apparel, accessories, and home categories. He will be responsible for driving significant growth at Lucky Brand Jeans -- capitalizing on the unique brand essence conceived by Co-Founders, Gene Montesano and Barry Perlman. Mr. DeMattei will report directly to William L. McComb, Chief Executive Officer of Liz Claiborne Inc.

Liz Claiborne Inc. (NYSE: LIZ) will release its fiscal 2009 third quarter results on Wednesday, November 4, 2009 before the market opens. The Company will also sponsor a conference call at 10:00 a.m. Eastern Time to discuss these results.

Liz Claiborne Inc. recently announced bold steps to further the revitalization of the Liz Claiborne brand franchise and to significantly alter its earnings trajectory. To accomplish this, the company has entered into a long-term licensing agreement with J. C. Penney Company, Inc. (NYSE: JCP), under which JCPenney will become the exclusive department store destination for all Liz Claiborne and Claiborne branded merchandise in the United States and Puerto Rico. The other important element of this strategy is moving the distribution of the Liz Claiborne New York brand designed by Isaac Mizrahi to QVC. As a result of these agreements, the company expects the Liz Claiborne wholesale brand franchise to swing from a meaningful adjusted operating loss in 2009 to a targeted adjusted operating profit in 2010.

Liz Claiborne New York today revealed it has designed a private online community of both customers and non-customers to help re-launch the brand, now under the creative direction of fashion icon Isaac Mizrahi. By listening to and interacting with 300 customers on a daily basis through its private Advisory Council community, Liz Claiborne New York becomes the first-ever apparel brand to actively engage its customers in such an ongoing, immersive way. The members of this group have played a role in shaping many aspects of the brand re-launch from the functionality of the new interactive Web site to the specifics of a new loyalty program.