top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Warnaco Acquires Klein Stores

(Filed Under Fashion News). The Warnaco Group announced in early October that it has acquired 22 Calvin Klein Jeans stores in Italy and related assets from its Italian franchise partner, L’Innominato S.p.A, a division of the Percassi Group.

The company said it expects these stores, which are located in shopping centers across Italy, to generate approximately 28 million Euros; equivalent to $38 million at the current exchange rate, in revenues during fiscal 2011, and to add over 50,000-square-feet of new retail space to the company’s portfolio. The company expects the transaction to be accretive to operating earnings by fiscal 2011.

Based on revenues, the transaction establishes Italy as Warnaco’s largest European retail market, with 58 stores.

”This acquisition is consistent with our global growth strategies to expand our profitable international business and our direct to consumer footprint,” Joe Gromek, president and C.E.O of Warnaco, said. “Italy is one of our largest markets outside the United States and we are delighted to expand our direct operations and revenues in this key market. This transaction […] Will enable us to leverage our regional and country platform and infrastructure as well as our full complement of products and marketing to maximize sales and profits.”

For further information, contact Deborah Abraham, vice president of investor relations for Warnaco, by calling (212) 287-8289.

more Fashion News >>

Published 10-04-2010 by Amanda Torres Price

Related Articles

Big Winners, No Matter What, In Warnaco Deal
‘Game-Changing’ New Support from Warner’s
Warnaco Cites Intimates In Fall of Sales, Income
1 Qt Declines At Warnaco
McCluskey Named President of Warnaco
Warnaco 3q Net Revenues Increase 8%
Warnaco, Spirite to Bring Nancy Ganz to U.S.
Calvin Klein Underwear Opens Second U.S. Store
Warnaco 2q Net Revenues Increase 14%
Warnaco 1q Net Revenues Up 13%

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow