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WWD 11/08/2006

WWD 11/08/2006

An Accessories Boost: Liz Claiborne Acquiring Kate Spae for $125M

Liz Claiborne Inc. will announce today that it has acquired Kate Spade from the Neiman Marcus Group for $125 million, according to sources involved in the deal. The transaction will close in the fourth quarter of this year.

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