Sean Combs and partner Yucaipa have purchased Enyce, the denim-based sportswear brand, from Liz Claiborne Inc.

“Enyce is a brand that I have always admired, and they have been a very important player in the young men’s sportswear arena for over a decade,” said Combs, 38, in a statement yesterday. “I am really excited to bring it into our portfolio of brands that already includes Sean John and Zac Posen. Given our track record of success in marketing products such as Ciroc Vodka, Unforgivable by Sean John, and all of our television titles, I look forward to adding our expertise to an already hot fashion line.”

“Our long-term plan is to grow the Enyce brand through innovative marketing, expansion of the menswear and boy’s lines, and launching into new licensing categories. The current economic climate may be challenging, but we believe it is also an opportunity, and we are really excited to add Enyce to our lineup,” Combs added.

Founded in 1996, Enyce designs and markets knits, wovens, outerwear, and graphic tees for men and boys, as well as a successful “Big and Tall” and women’s line. Liz Claiborne purchased Enyce in 2003.

William McComb, CEO of Liz Claiborne Inc., released a statement explaining that the company was unable to “maximize the potential of Enyce. Enyce,” he added, “is a strong brand with a loyal customer following; however, the unsettled economic environment and our commitment to properly resource and focus on other brands in our portfolio contributed to this decision.”

Just this past month, Liz Claiborne Inc. parted ways with its COO Michael Scarpa and the womenswear brand Narciso Rodriguez.