11 Facts About Warnaco

Warnaco expanded production, opening manufacturing facilities in South America and Europe.

Warnaco's wasted no time at Warnaco and right away went to work streamlining the company's fifteen divisions into just two categories: menswear and underwear.

Warnaco acquired the license for Calvin Klein Jeans and Calvin Klein retail stores through its takeover of Designer Holdings, Inc The license for Calvin Klein children's clothing was purchased from Commerce Clothing Warnaco closed out the 1990s by selling off its underperforming Hathaway label and reacquiring Authentic Fitness.

In 2001, Warnaco filed for Chapter 11 protection and Wachner was fired.

Early in 1999, Warnaco was one of 18 companies initially named in three class-action lawsuits filed under US Federal RICO statutes.

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Almost immediately, Warnaco denied any wrongdoing, stating that they hire subcontractors that strictly follow U S law and in the spring of 1999, was among the first companies to settle.

The SEC alleged that Warnaco knew about this overstatement when they released a press statement lauding the company's "record results" for its fourth quarter and fiscal year ending 1998.

Warnaco was barred for four years from serving as an officer or director of a public company.

The suit alleged that Warnaco had diluted the Calvin Klein brand name by producing merchandise that was not authorized or approved by Calvin Klein and that Warnaco was distributing Calvin Klein jeanswear through unapproved discount outlets, such as warehouse clubs, like Costco and BJ's.

Warnaco was able to retain its Calvin Klein licenses, but Calvin Klein was able to regain some of the creative control he had ceded in the original license.

Calvin Klein and Warnaco agree to work together for their mutual benefit under their existing license and other agreements, except to the extent that those agreements are modified by the terms of this Settlement Agreement.