Liz Claiborne launches its latest fragrance, simply called Liz, this month. Created by Jean-Marc Chaillan, Pascal Gaurin and Laurent Le Guernec of International Flavors and Fragrances, the scent has top notes of frosted mandarin, crisp pear, melon and yellow mimosa; a heart of wild purple hyacinth, East Hampton honeysuckle, magnolia and pink peony and a dry-down of pink peppercorns, heliotrope, amber, sandalwood and vanilla. The Liz collection includes 1.7-oz. EDP for $45 and 3.04-oz. EDP for $55. Ancillary products include a 6.7-oz. body lotion retailing for $35 and a 6.7-oz. shower gel for $25.