Fashion Breakfast: Congress, China, Claiborne, and Cruz

Designers and apparel manufacturers face off against each other in front of congress over the Design Piracy Act. (WWD)

Quotas and rising prices are forcing U.S. brands to reconsider sourcing their goods in China. (WWD)

Five years after helping to sell Ellen Tracy to Liz Claiborne for a reported $180m, Marvin Traub buys it himself with three partners for a bargain basement $42.5m. (WWD)

Liz Claiborne stock dropped 18.4 percent when it announced it would miss fourth quarter and year's end guidance. Things aren't looking up for next year, either. (WWD)

U.S. designer Adam Lippes will follow in the footsteps of Penelope Cruz and do a collection with Spanish retailer Mango. (WGSN, no link).