Fifth & Pacific Companies, Inc.

$FNP - NYSE - Clothing, Textiles and Accessories
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  * Expects full year 2012 adjusted EBITDA of $100 to $105 million, up
    approximately 25% compared to full year 2011 on a comparable basis
  * Provides initial full year 2013 adjusted EBITDA guidance in the range of
    $120 to $150 million
  * Expects 2012 year end net debt to be in the range of $345 to $350 million

New  York, NY  - January  14, 2013 - Fifth  & Pacific Companies, Inc. (NYSE:FNP)
today  announced preliminary  fourth quarter  2012 direct to consumer comparable
sales (inclusive of e-commerce net sales) as follows:

|     Brand       Q4 2012* |
| kate spade        27%    |
| Lucky Brand        3%    |
| Juicy Couture     (2%)   |

                  *  Results are preliminary and  subject to quarter-end closing

William  L. McComb, Chief Executive Officer  of Fifth & Pacific Companies, Inc.,
said:  "We expect fourth quarter 2012 adjusted EBITDA  to be in the range of $63
million  to  $68  million,  resulting  in  a  full year 2012 expectation of $100
million  to  $105  million,  which  is  at  the  low  end of the range we guided
previously.  This includes a $3 million  negative impact on adjusted EBITDA from
Hurricane  Sandy across the three brands.  During the fourth quarter, kate spade
performed  at the  high end  of our  expectations, delivering direct to consumer
comparable  sales  growth  of  27%. Lucky  Brand  also  had  a  strong  quarter,
generating  direct to  consumer comparable  sales growth  of 3% and strong gross
margins.  Juicy Couture posted disappointing direct to consumer comparable sales
and  gross margins in November  and December as the  company tightly managed its
inventory through very aggressive markdowns in response to sales softness."

Mr.  McComb continued,  "Overall for  the company,  2012 was a  year of progress
marked  by industry leading growth at  kate spade, and a significant improvement
in  performance at Lucky  Brand -- tempered  however by a  miss in North America
caused  by merchandising and other  issues at Juicy Couture  that we believe are
now  being corrected under Paul Blum's direction. We anticipate reporting a year
end  inventory position  that is  in line  with our  plan, particularly at Juicy
Couture.  I am optimistic about delivering sizeable growth in 2013 at kate spade
and  Lucky Brand, while  recognizing that the  fixes at Juicy  Couture will come
late  in 2013 and into 2014. We are  providing 2013 guidance in this release for
the  company as a whole, as well as  by business unit. We look forward to adding
perspective  to the  outlook at  the ICR  XChange Conference on Thursday January

Mr.  McComb concluded, "The  management team and  Board of Directors  of Fifth &
Pacific  are committed to  delivering value to  our shareholders.  This includes
making  resource allocation decisions today that support strong long term growth
within  our current strategy as well  as being thoughtful regarding alternatives
to our current multi-brand portfolio approach that unlock value."

Preliminary  estimates of full year 2012 net sales and adjusted EBITDA are shown
as follows:

               2012 Net Sales & Adjusted EBITDA ($ in Millions)*

|          Brand                 Net Sales**        Adjusted EBITDA** |
| kate spade                        $462                $94 - 95      |
| Lucky Brand                         461                 34 - 35     |
| Juicy Couture                       499                 23 - 24     |
| Adelington Design Group              83                 19 - 20     |
| Corporate***                       --                 (70) - (69)   |
| Total                                    $1,505      $100 - 105     |

* Results are preliminary and subject to year-end closing adjustments.
**  Adjusted  results  are  from  continuing operations and exclude streamlining
initiatives,  brand-exiting activities, gain on  acquisition of subsidiary, gain
(loss)  on extinguishment  of debt  and unrealized  and certain realized foreign
currency gains (losses).
***  Corporate is fully allocated to brand results for GAAP and Adjusted segment
reporting purposes.

For 2013, the Company is providing its initial guidance as follows:

                     2013 Financial Outlook ($ in Millions)

|                        Full Year Direct-to-Consumer Comp                 |
|         Brand                    Sales Growth%           Adjusted EBITDA*|
|kate spade                          Low Teens                $130 - 140   |
|Lucky Brand                  Mid-High Single Digits             50 - 55   |
|Juicy Couture               Slightly Negative to Flat          (5) - 5    |
|Adelington Design Group                --                       13 - 16   |
|Corporate**                            --                     (68) - (66) |
|Total                                  --                    $120 - 150   |

| Other Items                         Total  |
| Depreciation & Amortization     ~$75 - 80  |
| Capital Expenditures               ~$115   |
| Interest Expense                  $45 - 50 |
| Normalized Tax Rate              38% - 40% |
| FY Basic Share Count                 118M  |

*Adjusted  results  are  from  continuing  operations  and  exclude streamlining
initiatives,  brand-exiting activities, gain on  acquisition of subsidiary, gain
(loss)  on extinguishment  of debt  and unrealized  and certain realized foreign
currency gains (losses).
**   Includes   corporate   finance  shared  services,  investor  relations  and
communications  shared services,  legal shared  services, human resources shared
services,  IT shared  services, executive  offices, corporate  facilities costs,
security costs, bank fees, etc.

The  Company  is  scheduled  to  present  at  the  ICR XChange Conference at the
Fontainebleau  Hotel in Miami,  Florida on Thursday,  January 17, 2013 at 12:45
p.m.  EST. The presentation will be simultaneously broadcast on the Internet and
can  be accessed via the Fifth  & Pacific website at An
archived  broadcast will be available on this website through February 7, 2013.
The  Company  will  report  its  fourth  quarter  and  full year 2012 results on
Thursday, February 21, 2013.

As  the Company has not completed its  quarter and year-end fiscal close and its
analysis  of fiscal 2012, and the audit  of its 2012 financial statements is not
complete,  the  results  presented  in  this  press  release  are  estimated and
preliminary,  and,  therefore,  may  change.  Estimates of 2012 GAAP results and
reconciliation of the various non-GAAP measures in this release are not provided
in  this press release as  the Company has not  yet completed its accounting for
certain  streamlining initiatives and brand  exiting activities and other items.
 No  reconciliations  of  2013 Adjusted  EBITDA  to  GAAP  measures are provided
because they are not available.

In  this release, Adjusted EBITDA excluding foreign currency gains (losses), net
is  defined as income (loss) from  continuing operations attributable to Fifth &
Pacific  Companies, Inc.,  adjusted to  exclude income  tax provision (benefit),
interest   expense,   net,   gain   on  sales  of  trademarks,  gain  (loss)  on
extinguishment  of  debt,  gain  on  acquisition of subsidiary, depreciation and
amortization,  the impact of expenses incurred  in connection with the Company's
streamlining  initiatives  and  brand-exiting  activities,  non-cash  impairment
charges  and non-cash  share-based compensation  expense, unrealized and certain
realized  foreign  currency  gains  (losses),  net and estimated Adjusted EBITDA
associated with each of the following businesses: Liz Claiborne/JCPenney apparel
and  handbags; Axcess apparel; Monet Europe;  DKNY® Jeans; Kensie and Mac & Jac;
Dana  Buchman apparel; and our former  Curve fragrance brand and related brands.
The  Company  believes  that  the  Adjusted  EBITDA represents a more meaningful
presentation  of its  historical operations  and projected financial performance
since  it provides  period to  period comparisons  that are  consistent and more
easily  understood and better  reflects the ongoing  business of the Company. We
consider  Adjusted EBITDA an  important supplemental measure  of our performance
and  believe it is  frequently used by  securities analysts, investors and other
interested parties in the evaluation of companies in our industry.

About Fifth & Pacific Companies, Inc.

Fifth & Pacific Companies, Inc. designs and markets a portfolio of retail-based,
premium,  global lifestyle brands including Juicy Couture, kate spade, and Lucky
Brand.  In addition, the Adelington Design Group, a private brand jewelry design
and  development  group,  markets  brands  through  department stores and serves
jcpenney  via  exclusive  supplier  agreements  for  the Liz Claiborne and Monet
jewelry  lines and Kohl's  via an exclusive  supplier agreement for Dana Buchman
jewelry.  The Company also  has licenses for  the Liz Claiborne  New York brand,
available  at  QVC  and  Lizwear,  which  is  distributed through the club store
channel.  Fifth & Pacific  Companies, Inc. maintains  an 18.75% stake in Mexx, a
European   and  Canadian  apparel  and  accessories  retail-based  brand.  Visit for more information.

Cautionary Statement Regarding Forward-Looking Statements

Statements  contained herein  that relate  to the  Company's future performance,
financial  condition, liquidity  or business  or any  future event or action are
forward-looking statements under the Private Securities Litigation Reform Act of
1995. Such  statements  are  indicated  by  words  or  phrases such as "intend,"
"anticipate,"   "plan,"  "estimate,"  "target,"  "aim,"  "forecast,"  "project,"
"expect,"  "believe,"  "we  are  optimistic  that  we  can," "current visibility
indicates  that  we  forecast,"  "contemplation"  or  "currently  envisions" and
similar phrases. Such statements are based on current expectations only, are not
guarantees   of   future   performance,   and  are  subject  to  certain  risks,
uncertainties  and assumptions. The Company may change its intentions, belief or
expectations  at  any  time  and  without  notice,  based upon any change in the
Company's  assumptions  or  otherwise.  Should  one  or  more  of these risks or
uncertainties  materialize,  or  should  underlying assumptions prove incorrect,
actual  results  may  vary  materially  from  those  anticipated,  estimated  or
projected.  In addition, some risks and uncertainties involve factors beyond the
Company's  control. Among  the risks  and uncertainties  are the  following: our
ability  to continue  to have  the necessary  liquidity, through cash flows from
operations  and  availability  under  our  amended and restated revolving credit
facility  (as amended to date, the "ABL Facility"), may be adversely impacted by
a  number  of  factors,  including  the  level  of our operating cash flows, our
ability to maintain established levels of availability under, and to comply with
the  financial  and  other  covenants  included  in,  our  ABL  Facility and the
borrowing  base  requirement  in  our  ABL  Facility  that  limits the amount of
borrowings  we may  make based  on a  formula of,  among other  things, eligible
accounts  receivable and inventory and the  minimum availability covenant in our
ABL  Facility that requires us  to maintain availability in  excess of an agreed
upon  level; general economic conditions in  the United States, Europe and other
parts of the world, including the impact of debt reduction efforts in the United
States;  levels  of  consumer  confidence,  consumer  spending  and purchases of
discretionary  items, including  fashion apparel  and related  products, such as
ours;  restrictions in  the credit  and capital  markets, which would impair our
ability  to access  additional sources  of liquidity,  if needed; changes in the
cost  of raw materials, labor, advertising and transportation which could impact
prices  of our  products; our  ability to  successfully implement  our long-term
strategic  plans, including the focus on our JUICY COUTURE, LUCKY BRAND and KATE
SPADE  brands and  expansion into  markets outside  of the  U.S., such as China,
Japan  and  Brazil,  and  the  risks  associated with the expansion into markets
outside  of the U.S.; our ability to  sustain recent improved performance in our
LUCKY  BRAND business;  our ability  to successfully  improve the operations and
results,  creative direction and  product offering at   our JUICY COUTURE brand;
our dependence on a limited number of large U.S. department store customers, and
the  risk of  consolidations, restructurings,  bankruptcies and  other ownership
changes  in  the  retail  industry  and  financial  difficulties  at  our larger
department  store customers;  whether we  will be  successful operating the KATE
SPADE  business in  Japan and  the risks  associated with  such operation; risks
associated  with the transition  of the MEXX  business to an  entity in which we
hold  a minority interest and the possible  failure of such entity that may make
our interest therein of little or no value and risks associated with the ability
of  the majority  shareholder to  operate the  MEXX business successfully, which
will  impact the potential value of our minority interest; costs associated with
the  transition of the LIZ  CLAIBORNE family of brands,  MONET US, DANA BUCHMAN,
KENSIE  and MAC & JAC brands from the Company to their respective acquirers; our
ability  to anticipate and  respond to constantly  changing consumer demands and
tastes  and  fashion  trends,  across  multiple  brands, product lines, shopping
channels  and geographies;  our ability  to attract  and retain talented, highly
qualified   executives,   and   maintain  satisfactory  relationships  with  our
employees;   our  ability  to  adequately  establish,  defend  and  protect  our
trademarks  and other proprietary rights; our ability to successfully develop or
acquire  new product lines, such  as the Kate Spade  Saturday line, or enter new
markets,  such  as  China,  Japan  and  Brazil  or product categories, and risks
related to such new lines, markets or categories; risks associated with the sale
of  the LIZ CLAIBORNE family of brands  to J.C. Penney Corporation, Inc. and the
licensing arrangement with QVC, Inc., including, without limitation, our ability
to  maintain productive  working relationships  with these  parties and possible
changes or disputes in our other brand relationships or relationships with other
retailers  and  existing  licensees  as  a  result;  the  impact  of  the highly
competitive  nature of the markets within which we operate, both within the U.S.
and  abroad; our  reliance on  independent foreign  manufacturers, including the
risk  of their failure to comply with safety standards or our policies regarding
labor  practices; risks associated with our  buying/sourcing agreement with Li &
Fung  Limited, which  results in  a single  third party  foreign buying/sourcing
agent for a significant portion of our products; risks associated with the delay
in  our previously  announced plan  to close  our Ohio distribution facility and
transition to a single third-party service provider for a significant portion of
our U.S. distribution, including risks associated with continuing to operate our
Ohio  distribution facility beyond  the end of  fiscal 2012, including increased
operating  expenses, risks related to systems  capabilities and risks related to
the  Company's ability to continue to appropriately staff the Ohio facility with
both  union and non-union  employees; a variety  of legal, regulatory, political
and  economic risks, including risks related  to the importation and exportation
of  product,  tariffs  and  other  trade  barriers;  our ability to adapt to and
compete  effectively in the current quota environment in which general quota has
expired  on apparel products, but political  activity seeking to re-impose quota
has  been initiated or threatened; our  exposure to currency fluctuations; risks
associated with material disruptions in our information technology systems, both
owned   and   licensed,  and  with  our  third-party  e-commerce  platforms  and
operations; risks associated with privacy breaches; risks associated with credit
card  fraud  and  identity  theft;  risks  associated  with  third party service
providers,  both domestic and overseas, including  service providers in the area
of  e-commerce; limitations on our ability to utilize all or a portion of our US
deferred  tax assets if we experience an  "ownership change"; and the outcome of
current  and future litigation  and other proceedings  in which we are involved.
 Such  risks and uncertainties  also include other  factors as are  set forth in
this  press release, and in the Company's  Quarterly Report on Form 10-Q for the
quarter  ended September 29, 2012, filed  with the S.E.C.  on October 25, 2012,
including  in the  sections entitled   "Item 1A-Risk  Factors" and "Statement on
Forward  Looking Statements." The  Company undertakes no  obligation to publicly
update  or  revise  any  forward-looking  statement,  whether as a result of new
information, future events or otherwise.

 Investor Relations Contact:    Media Contact:

 Robert J. Vill                 Jane Randel

 Sr. VP Finance and Treasurer   Sr. VP Corporate Communications

 201.295.7515                   212.626.3408

FNP - 4Q12 Pre-announcement - 1.14.13:

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
    other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
     originality of the information contained therein.

Source: Fifth & Pacific Companies, Inc. via Thomson Reuters ONE

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