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The following notable events have recently occurred:
- completed the acquisition of the Robert Rodriguez Collection, a designer, marketer and wholesaler of women's contemporary eveningwear and sportswear
- launched an e-commerce site for ShoeWoo, our multi-brand retail shoe concept at www.shoewoo.com; and
- renewed license agreement with Luxottica for Anne Klein New York eyewear.
Cash used by operations during the quarter was $86 million, compared with cash used by operations of $139 million in the prior year. The year-over-year improvement in cash used by operations of $53 million is primarily due to higher operating earnings and slightly lower working capital requirements. The company continues to have no amounts drawn under its $650 million of committed revolving credit facilities.
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- Companies:
- Leed's
- Premium Connection
- Places:
- New York
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