Filed under: Designers

Fashion designer Narcisco Rodriguez is getting a big infusion of cash for his business. Liz Claiborne Inc. is buying up the high-end design house. It seems an incongruous match, but as the Associated Press reports, the deal will give Narcisco financial backing and help Claiborne transition into the luxury clothing market. In the deal Claiborne will receive 50 percent ownership stake in the name and trademarks from the designer and will form ...