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Liz Claiborne acquires urban sportswear brand Enyce.


The ownership of urban sportswear brand Enyce has changed hands. Late last year, Enyce owner Sport Brands International sold the brand for $114 million to Liz Claiborne This article is about the corporation Liz Claiborne Inc. For the fashion designer who founded the company, see Liz Claiborne (fashion designer).

Liz Claiborne Inc.
 Inc. The move came about when Enyce's former owner, FILA fila /fi·la/ (fi´lah) [L.] plural of filum.

fila

[L.] plural of filum.
 USA Inc., was purchased by SBI SBI Special Background Investigation
SBI Subsidiary Body for Implementation
SBI State Bank of India
SBI Secure Border Initiative
SBI Small Business Institute
SBI Stockholm Brain Institute
SBI Serious Bacterial Infection
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, says Enyce President Evan Davis Evan Davis may refer to
  • Evan Davis (Musician), Leader of the musical project The Prophets Of Regret
  • Evan Davis (journalist), Economics Editor at the BBC.
  • Evan Davis (businessman), co-founder and former President of fashion label Enyce.
. "I think that [SBI] really wanted to focus on the reestablishment of FILA as a brand," Davis says. "I think that one of their levels of expertise was not on what we do ... so I guess they thought it was a good time to sell us."

Launched in 1996, New York-based Enyce designs and markets sportswear through its Enyce and Lady Enyce brands. Estimated 2003 net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 for the company were $95 million. Despite the change in ownership, Davis does not expect to lose creative control.

The main focus for Liz Claiborne will be gaining exposure to urban consumers and helping Enyce grow. "We want to further penetrate different parts of their line, like Lady Enyce, which is underpenetrated right now," says Karen Murray, Liz Claiborne's group president for menswear. "It's only 16% of the business and we really want it to be--and they do as well--want it to be a larger percentage of the business." Liz Claiborne also plans to help Enyce grow its big and tall business.
COPYRIGHT 2004 Earl G. Graves Publishing Co., Inc.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Newsbytes
Author:Holmes, Tamara E.
Publication:Black Enterprise
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2004
Words:217
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