Liz Claiborne hires bankruptcy firm as turnaround consultant - Zac Bissonnette

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Liz Claiborne hires bankruptcy firm as turnaround consultant
Sep 07, 2009 02:00 PM UTC

Zac Bissonnette

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Filed under: Liz Claiborne (LIZ)

Struggling retail giant Liz Claiborne (NYSE: LIZ) has hired turnaround consultant Alvarez & Marsal to help it cut costs and stem losses at the insistence of its creditors.

"We told [the lenders] that we've been doing everything we can to manage receivables and control inventory," Liz CEO Bill McComb said in an interview with The New York Post. "In the spirit of that, we said we would hire a consultant."

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Liz Claiborne hires bankruptcy firm as turnaround consultant originally appeared on BloggingStocks on Mon, 07 Sep 2009 09:00:00 EST. Please see our terms for use of feeds.

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