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Leonard Green & Partners unit to buy Juicy Couture for $195 million
New York -- Fifth & Pacific Cos., formerly known as Liz Claiborne, agreed to sell its Juicy Couture brand to Authentic Brands Group for $195 million, according to various reports.
"This decision is the result of a process we began last year—studying our resource allocation needs, our capital structure, and the operating risks and opportunities associated with a three-brand portfolio while still maximizing shareholder value," said William McComb, CEO of Fifth & Pacific, in a statement.
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Three restaurants sign with Mid-America
Chicago — Mid-America Asset Management Inc. has announced that three new restaurants have taken space in Chicagoland shopping centers.
Restaurant franchise Red Snapper has leased 1,800 sq. ft. at Dorchester Commons in the Hyde Park neighborhood of Chicago. Mid-America represented the landlord. The tenant was self-represented.