Warnaco Group news and archive

Warnaco Q3 net revenues decline 5 percent

The Warnaco Group has reported that its net revenues for the third quarter ended September 29, 2012 declined 5 percent, to 611.5 million dollars (Rs 3,332 crores), compared to the prior year quarter. Net revenues, in constant currency, were flat compared to the prior year quarter. Income per diluted share from continuing operations was 0.98...

Apparel

PVH and Warnaco enter into merger agreement

PVH and the Warnaco Group have announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco and holders of Warnaco common stock will receive 51.75 dollars (Rs 2,798) in cash and 1822 of a share of PVH common stock for each share of Warnaco common stock. The transaction values Warnaco at...