Retail Industry
Industry: Email Alert RSS FeedConfirm Calvin, Warnaco deal; Warnaco to acquire three Calvin Klein businesses. (Calvin Klein Inc., Warnaco Group)
Daily News Record, January, 1994 by Monget, Karyn; Nardoza, Edward
Calvin Klein Inc will sell its men's underwear, women's intimate apparel and men's accessories businesses to Warnaco Group for $64 million, enabling Klein to be debt-free as soon as the deal is done. Klein may also license other divisions of his company as part of a business strategy. Warnaco has contracted with Klein to continue as designer of men's underwear and accessories, as well as women's intimate apparel.
NEW YORK -- Two industry giants agreed to tie the knot Tuesday.
The Warnaco Group agreed to acquire three of Calvin Klein, Inc.'s businesses -- men's underwear, men's accessories and women's intimate apparel, This confirms reports in DNR, Friday, Jan. 14, Page 1.
The deal, worth $64 million; "plus: ongoing fees," gives Calvin Klein, Inc.,...
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