Issac Mizrahi dumps Target for Liz Claiborne

Isaac Mizrahi defected from Target to take up duties as the new creative director for the struggling Liz Claiborne label.

Mizrahi enjoyed an outstanding 5 years with the discount retailer and his collection sold about $300 million worth of merchandise a year. Target desperately wanted to renew his contract but could not match the Claiborne offer.

In this role, Mizrahi will oversee the design and marketing functions for women's apparel, accessories, and licensing. His first collection for Liz Claiborne will arrive in stores in Spring 2009, but unlike his line for Target, Mizrahi's name will not be attached to the Liz Claiborne label.