Warnaco acquires Calvin Klein businesses in Europe and Asia
31 Jan '06
2 min read
The Warnaco Group Inc has completed its acquisition of 100 percent of the shares of the companies that operate the licenses and related wholesale and retail businesses of Calvin Klein(R) jeans and accessories in Europe and Asia and the CK Calvin Klein "bridge" line of sportswear and accessories in Europe.
Based in Florence, Italy, these businesses will be headed by Gaetano Sallorenzo, who recently joined Warnaco as President and CEO of Calvin Klein jeans and sportswear for Europe and Asia.
The acquired businesses had revenues of approximately $250 million (based on average exchange rates) for fiscal 2005 and are expected to be accretive to Warnaco's earnings this year.
The Warnaco Group Inc, headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under such owned and licensed brands as Warner's(R), Olga(R), Lejaby(R), Body Nancy Ganz(R), Speedo(R), Anne Cole(R), Op(R), Ocean Pacific(R), Cole of California(R) and Catalina(R) as well as Chaps(R) sportswear and denim, J. Lo by Jennifer Lopez(R) lingerie, Nautica(R) swimwear, Michael Kors(R) swimwear and Calvin Klein(R) men's and women's underwear, men's, women's, junior women's and children's jeans and women's and juniors' swimwear.
marketing@alchempro.com
