Joint Statement of Calvin Klein, Inc. and Warnaco Inc
--------------------------------------------------------------------------------
NEW YORK, Jan. 22 /PRNewswire/ -- Calvin Klein, Inc. and Warnaco Inc. are
pleased to announce that they have resolved all disputes between them
regarding the Calvin Klein Jeanswear business. The parties believe their
resolution will protect and promote the integrity and success of the Calvin
Klein brand for their mutual benefit and the benefit of other Calvin Klein
licensees.
The parties look forward to expanding jeanswear sales consistent with the
image and prestige of Calvin Klein products and to expanding and concentrating
the distribution of Calvin Klein jeanswear products in the Department and
Specialty stores.
The Warnaco Group, Inc., headquartered in New York, is a leading
manufacturer of intimate apparel, menswear, jeanswear, swimwear, men's and
women's sportswear, better dresses, fragrances and accessories sold under such
brands as Warner's(R), Olga(R), Fruit of the Loom (R)bras, Van Raalte(R),
Lejaby(R), Weight Watchers(R), Bodyslimmers(R), Izka(R), Chaps by Ralph
Lauren(R), Calvin Klein(R) men's, women's, and children's underwear, men's
accessories, and men's, women's, junior women's and children's jeans,
Speedo(R)/Authentic Fitness(R) men's, women's and children's swimwear,
sportswear and swimwear accessories, Polo by Ralph Lauren(R) women's and girls
swimwear, Oscar de la Renta(R), Anne Cole Collection(R), Cole of California(R)
and Catalina(R) swimwear, A.B.S.(R) Women's sportswear and better dresses and
Penhaligon's(R) fragrances and accessories.
SOURCE Warnaco Inc.
-0- 01/22/2001
/CONTACT: Media - Howard J. Rubenstein, 212-843-8080, or Marcia Horowitz,
212-843-8014, both of Rubenstein Associates, Inc.; Investors - Rhonda Barnat
or Mike Pascale, both of Abernathy MacGregor Group, 212-371-5999, all for
Warnaco Inc./
(WAC)
CO: Warnaco Inc.; Warnaco Group Inc.; Calvin Klein, Inc.
ST: New York
IN: TEX REA FAS
SU: |
