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News > Companies
Shakeup at Liz Claiborne
November 21, 2000: 4:40 p.m. ET

President leaves the company on eve of further organizational changes
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NEW YORK (CNNfn) - Apparel maker Liz Claiborne is losing its president and plans a number of organizational changes in the coming months.

The New York-based company, whose brands include Laundry, Liz Claiborne, Elisabeth and Dana Buchman, said Denise V. Seegal, its president since 1996, will leave the company on Dec. 8. Her plans were not specified.

Paul R. Charron, chairman and chief executive of the company, will assume her responsibilities leading the largest maker of clothes and accessories for professional women.

graphic"In the coming weeks, we will be announcing a number of changes in our organizational structure," said Charron's statement. "These will be designed to address the changing needs of consumers who are increasingly conscious of quality and value in their apparel purchases."

Retail sales have been falling in recent months, with a number of major retailers predicting lower sales and earnings, partly due to soft apparel sales.

Shares of Liz Claiborne (LIZ: Research, Estimates) lost $1 to $40.56 in trading Tuesday. graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.