Neiman Marcus Completes Kate Spade Sale

Neiman Marcus Group has completed its sale of hand-bag maker Kate Spade to Liz Claiborne Inc. (NYSE: LIZ) for $124 million (including to-be-retired debt). Neiman Marcus was acquired last year in a $5.1 billion public-to-private buyout by Texas Pacific Group and Warburg Pincus. www.neimanmarcusgroup.com