NEW YORK (AP) — Fifth & Pacific Companies Inc.’s fourth-quarter net income more than tripled from the prior year as the clothing and accessories company sold trademarks related to the Juicy Couture brand.

The company, once known as Liz Claiborne Inc., has been shedding businesses to focus on its Kate Spade brand. Last year it announced deals to sell its Juicy Couture brand and denim line Lucky Brand.