Liz Claiborne Inc. announced the appointment of David Bassuk as Co-President and Chief Operating Officer, Juicy Couture, effective February 27, 2012. In this role, Mr. Bassuk will oversee finance, operations, planning and allocation, international, e-commerce, wholesale sales and operations and facilities while partnering with Co-President & Chief Creative Officer LeAnn Nealz on the management and overall leadership of the Juicy Couture brand. Both Mr. Bassuk and Ms. Nealz will report to William L. McComb, Chief Executive Officer of Liz Claiborne Inc.
Mr. Bassuk joins Juicy Couture, from AlixPartners where he was the head of the global retail practice, focusing on strategic and operational turnarounds. Prior to that, Mr. Bassuk was a member of the management team of Kurt Salmon's retail practice, responsible for driving growth and profitability for leading global retailers and brands. He was also a member of Kurt Salmon's Board of Directors. Mr. Bassuk has an MBA in Finance and Management from New York University's Stern School of Business and a BS, Industrial Engineering from Hofstra University.
Liz Claiborne Inc. designs and markets a portfolio of retail-based, premium, global lifestyle brands including Juicy Couture, Kate Spade, and Lucky Brand. Liz Claiborne Inc. maintains an 18.75% stake in Mexx. The Company anticipates that its name change to Fifth & Pacific Companies, Inc. and the trading under its new stock symbol (NYSE: FNP) will become effective on or about May 15, 2012.