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Wednesday, Jul 11

Liz Claiborne Cuts Jobs in Restructuring

Only two weeks ago, company founder Liz Claiborne died at age 78 after a long illness. She had launched her label with her husband, Art Ortenberg, and two partners in 1976 and took the company public in 1981. Liz Claiborne and Ortenberg retired from the day-to-day operations in 1989.

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