Liz Claiborne which became Fifth & Pacific Companies Inc.(NYSE: FNP) on May 15, 2012, is a fashion company founded in New York City that designed and marketed a wide range of womenâ€™s and menâ€™s apparel, accessories and fragrance products. Founded in 1976 by Liz Claiborne, Art Ortenberg, Leonard Boxer, and Jerome Chazen. It was an immediate success with sales of $2 million in 1976 and $23 million in 1978. In 1980, Nina McLemore founded Liz Claiborne Accessories.On May 15, 2012, Liz Claiborne Inc. officially became Fifth & Pacific, Inc. and shifted focus to three brands â€“ Juicy Couture, kate spade, and Lucky Brand Jeans. Liz Claiborne is a popular brand in Dubai with presence in all major shopping malls in Dubai.
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