Home / Knowledge / News / Apparel/Garments / Warnaco conducts review of European operations
Warnaco conducts review of European operations
10
Jul '12
The Warnaco Group Inc. announced that it has been conducting a comprehensive business review of its European-based operations with the aim of better positioning the Company for future growth and improved profitability. The action is being undertaken in light of challenging macroeconomic conditions in Europe and the recently announced transition out of its European cK bridge apparel and accessories businesses.

Warnaco anticipates the review will result in a restructuring of the European business. While early in the process, Warnaco expects the review will identify considerable cost savings and operating efficiencies, and will, over time, result in improved profitability.

Helen McCluskey, President and Chief Executive Officer of the Warnaco Group, said, “Our Calvin Klein Jeans and Calvin Klein Underwear businesses are powerful and continue to resonate with European consumers. We expect these actions will enable the Company to better execute against our strategic plans. We will provide an update on our European performance and the status of the review process on our second quarter investor call.”

The Warnaco Group, Inc., headquartered in New York, is a leading global apparel company engaged in the business of designing, sourcing, marketing and selling men’s, women’s and children’s sportswear and accessories, swimwear and intimate apparel under such owned and licensed brands as Calvin Klein, Speedo, Chaps, Warner's and Olga.

The Warnaco Group Inc

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search