Mac & Jac Ladies Black Raised Pin Stripe Asian Inspired Jacket.

Mac & Jac Ladies Black Raised Pin StripeS Amazing Paisley Lining 32% Cotton (7) Button Closure Liz Claiborne Inc. is an apparel design company founded by Liz Claiborne, Art Ortenberg, Leonard Boxer, and Jerome Chazen in 1976. Soon after the establishment, it achieved sales amounting to $2 million in the same year and increased to $23 million in 1978. It took 4 years before Liz Claiborne Inc. could go public but by 1986, it had appeared in a coveted ranking popularly known as Fortune 500. No other company founded by a woman had appeared in the ranking by Fortune 500 before Liz Claiborne Inc made it. By this time, the company managed to make sales worth $1.2 billion Liz Claiborne changed the departmental clothing arrangements when she insisted on the significance of placing collections together. This eased the shopping activity because shoppers could buy the entire outfit in the same store Liz purchased all the outstanding equity interests in Westcoast Contempo Fashions Limited and Mac and Jac Holdings Limited which collectively design, market and sell the mac & Jac, Kenzie, and Kenzie girl apparel lines ("Mac & Jac"). The purchase price, which includes the retirement of debt at closing, is currently estimated to be $23.6 million (representing 50% of Mac & Jac's initial valuation), plus additional payments based upon a multiple of Mac & Jac's earnings in fiscal years 2006, 2008, 2009 and 2010. Mac & Jac generated net sales of approximately $40 million in fiscal year 2005