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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Densiebj who wrote (20475)	2/14/2000 9:39:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 57584

Retail might finally recover. Warren Buffetts announces investments in clothing retailers today, a good sign: Monday February 14, 7:54 pm Eastern Time Berkshire Hathaway reveals stakes in apparel firms WASHINGTON, Feb 14 (Reuters) - Berkshire Hathaway Inc., the holding company of billionaire investor Warren Buffett, revealed on Monday it has taken stakes in two clothing companies, Liz Claiborne Inc. (NYSE:LIZ - news) and Jones Apparel Group Inc. (NYSE:JNY - news). The Omaha, Neb.-based company said it held a 8.3 percent stake, or 4,894,500 shares of common stock, in Liz Claiborne which designs and sells fashion apparel and accessories for women, according to a passive 13G Securities and Exchange Commission filing. Berkshire Hathaway also revealed it holds a 9.9 percent stake, or 12,125,000 shares of common stock, in Jones Apparel, according to a separate 13G SEC filing. Jones Apparel, based in New York, also offers a range of women's clothing, including suits, dresses and sportswear in its 214 factory outlet stores and five full-price retail stores. The two filings did not state when the shares were acquired or for how much. Liz Claiborne shares closed up 5/16 to 31-9/16 on the New York Stock Exchange while Jones Apparel shares closed up 1/16 to 21-5/8 on the NYSE.