Warnaco news and archive

Warnaco Q3 net revenues decline 5 percent

The Warnaco Group has reported that its net revenues for the third quarter ended September 29, 2012 declined 5 percent, to 611.5 million dollars, compared to the prior year quarter. Net revenues, in constant currency, were flat compared to the prior year quarter. Income per diluted share from continuing operations was 0.98 dollars compared to...

Fashion

PVH to acquire Warnaco for 2.9 billion dollars

Multibrand group PVH, which own brands such as Calvin Klein and Tommy Hilfiger, has nailed an agreement to acquire competitor The Warnaco Group in a cash-and-stock deal worth close to 2.9 billion dollars. The resultant company will be one of the world's largest branded lifestyle apparel companies. Holders of Warnaco common stock will receive...

Design

Warnaco Q2 net revenues down by 5 percent

Warnaco Group’s net revenues decreased 5 percent in the second quarter ended June 30, 2012. Gross margin decreased 130 basis points to 42 percent of net revenues. In the second quarter the group’s net revenues fell 5 percent to 563.9 million dollars, compared to the prior year period and were flat in constant currency. In the quarter, it...

Design

Net revenue of Warnaco declined 7% in Q1

The Warnaco Group reported results for the first quarter ended March 31, 2012. For the first quarter net revenues were $615.5 million, a decline of 7% compared to the prior year period. Income per diluted share from continuing operations was $0.78 compared to $0.98 in the prior year period. Income per diluted share from continuing operations on...

Fashion

Warnaco appoints new MD Europe

Warnaco has announced the apointment of Hans Schmitt to the position of Managing Director, Europe. Hans Schmitt, who is scheduled to join Warnaco in August, will oversee all elements of Warnaco’s commercial business in Europe, reporting directly to Joe Gromek, President and Chief Executive Officer. Schmitt joins Warnaco from Hugo Boss, where he...

Fashion

Warnaco moves to the NYSE

Global apparel company Warnaco Group has started trading on the New York Stock Exchange (NYSE) under the symbol WRC. To celebrate the event Joe Gromek, President and Chief Executive Officer rang the bell to open the trading day. “We are pleased to be listing on the NYSE,” said Joseph R. Gromek, President and Chief Executive Officer of Warnaco. “...

Fashion

Warnaco buys Calvin Klein licenses

The Warnaco Group Inc has agreed to purchase the licenses and corresponding wholesale and retail businesses for a number of Calvin Klein operations from Italian Fingen SpA for â‚¬240 million (Â£163.4 million). The deal is expected to be completed in the first quarter of 2006. The acquisition includes the Calvin Klein Jeans and accessories...