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prada bag men wise for Target employees to start eating their Wheaties in preparation for the Jason Wu for Target collection, which hits stores on Feb. 5.A dress from the Jason Wu for Target collectionPieces include a poplin sleeveless dress in navy with a sailor red stripe at the hem, structured satchel handbags and tie front blouses. Prices will range from $19.99 to $59.99 for apparel and $19.99 to $49.99 for handbags and scarves.If you like what you see, be prepared to act fast. Last year, shoppers crashed Target website and emptied store shelves in their frenzy to score affordable zig zag knits, luggage and bicycles from the Missoni for Target collection.Here a look at other headlines from around the fashion and beauty beats.Liz Claiborne remains one of fashion most recognizable names. Its founding designer, Liz Claiborne, started the label in 1976. Though she grew up in Brussels, she was a member of a prominent Louisiana family and spent summers in New Orleans. As a designer, she zeroed in on the needs of professional women entering the work force en masse beginning in the 1970s. Claiborne died in 2007 at 78 years old.Hello Tim Gunn: The Project Runway counselor soon will be taking his candid, yet kind, fashion advice to daytime television, the website Fashionista reports. He will co host a new talk show, The Revolution, which airs Jan. The soccer star has a new underwear line coming out with H on Feb. 2. According to Women Wear Daily, he worked with a design team to come up with the nine piece collection.Liz Claiborne Cuts Its Company In Half To Pay Down DebtLiz Claiborne LIZ, after getting crushed underneath its huge debtload, sold off most of its business throughout this year to pay off most of its debt. Did LIZ get a good deal for its businesses, or did it sell out of desperation and not get fair value? I would assume the latter.Mr. Market liked this move, as the stock ended the day up 33% upon the news on Wednesday.LIZ sold off its International Based segment and Partnered Brands segment. These include MEXX, Liz Claiborne brands, DKNY Jeans, Axcess and Monet Brands, and Outlet operations.It only kept its Domestic Based Direct Brands which are: Juicy Couture, Lucky Brand, and