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WWD 03/14/2008

WWD 03/14/2008

A Painful Period: Write-downs Drive Liz Claiborne to $435M Loss

Liz Claiborne Inc. took whopping goodwill write-downs of $451 million in the quarter ending Dec. 29, which drove the group to a fourth-quarter loss of $435.7 milliion, compared with net profits of $73.2 million in the fourth quarter of 2006.

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