Fashion plate.Clothing designer Liz Claiborne Inc. has purchased C&C California Inc., a Los Feliz designer and wholesaler of colorful T-shirts, for an initial equity stake of $28 million, plus additional payments in 2007, 2008 and 2009 based on future earnings. C&C California posted roughly $21 million in revenue last year, primarily in sales to specialty retailers such as Run Herman, Daft and Planet Blue in Los Angeles, and Scoop in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . It also sells at department stores Barneys New York  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Bloomingdale's and Neiman Marcus. The company's co-founders, designers Claire Stansfield and Cheyann Benedict, got a boost of free advertising last year when they were featured in a Visa ad and later appeared on the "Oprah Winfrey Show." Liz Claiborne said it expects the purchase to add 3 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to fiscal 2005 earnings. Sage Group Inc. acted as the investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. on the deal. |
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