New York, NY, May 18, 2011: kate spade new york, a subsidiary of liz claiborne inc. (nyse:liz), announced today it has signed an agreement to form a new joint venture in mainland china with the e.land group to solidify the brand’s significant presence and future growth potential in the chinese market. additionally, kate spade new york has signed an agreement to reacquire from globalluxe limited its existing kate spade new york business in mainland china during 2011 and its businesses in southeast asia in 2014, further establishing the company’s strategy for the region.
Please explain. Trend does not confirm, although thinking may be a takeover by private equity group. Only reason still in it, but watching by the minute. Preferring, QCOR, ZLCS,ARIA as day trader. If Apax bought Tommy why they would not buy Liz?