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One Brand Focus at Fifth & Pacific

Fifth & Pacific Companies Inc (NYSE:FNP), the premium brand retailer is parting ways it’s Luck Brand Jeans. The Luck Brand Jeans will be sold to the private equity firm Leonard Greene & Partners for $225 million. Last quarter, Luck Brand Jeans generated $120 million in sales.

 It was just two months ago that Fifth & Pacific sold their Juicy Couture brand line. The company wants to focus exclusively on its Kate Spade premium brand. Fifth & Pacific wants to be known for one brand. Shares of Fifth & Pacific are currently trading 3 percent higher on the news.