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Fifth & Pacific Cos.
L.A. private-equity firm buys Lucky Brand Jeans for $225 million
L.A. private-equity firm buys Lucky Brand Jeans for $225 million

Fifth & Pacific Companies Inc. has agreed to sell Lucky Brand Jeans to Los Angeles private-equity firm Leonard Green & Partners for $225 million, the companies announced Tuesday. William L. McComb, Fifth & Pacific's chief executive, said the Lucky sale is part of the company's plan to focus on its Kate Spade brand. The company recently sold its  Juicy Couture line. "It is truly an historic day at Fifth & Pacific Companies -- a return to our roots as a mono-brand company," McComb said in a statement. "The decision to sell Lucky Brand Jeans is the result of a process we began last year: studying [the] operating risks and opportunities...

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