Klein, Warnaco settle. January 22, 2001: 12:05 p.m. ET. Last-minute agreement averts high-profile legal battle. NEW YORK (CNNfn) - Calvin Klein reached a last-minute settlement Monday in the The case of the designer Calvin Klein versus the Warnaco Group, the company that manufactures the designer's jeans, and Linda Wachner, its chief executive, ended swiftly in a settlement yesterday The Warnaco Group reached an agreement on Thursday to buy Designer Holdings Inc., a maker of Calvin Klein jeans, for $353.7 million in stock, the companies said.She said the Calvin Klein name gives Warnaco a major entry into the men's underwear business worldwide and adds a strong designer name to Warnaco's existing brands. The Warnaco Calvin Klein businesses will be moved onto our Calvin Klein platform under the leadership of Tom Murry, President & Chief Executive Officer, Calvin Klein, to ensure a single brand In 1999, sales of Calvin Klein jeans contributed $628.6 million to Warnaco's revenue. That figure is roughly one-third of the company's revenue and one-third its cash flow. Its contract with From 1994 to 1996, Kourakos served as president of Warnaco's Calvin Klein underwear operations, and before that, he spent eight years working at CKI. It is possible that if CKI bought the The stock of the Authentic Fitness Corporation sank yesterday after the swimsuit maker's merger deal with the Warnaco Group Inc. clothing company was called off. Stock in Authentic Fitness, whose NEW YORK -- Two industry giants agreed to tie the knot Tuesday.<BR><BR>The Warnaco Group will acquire one business of Calvin Klein Inc. -- men's underwear -- and license the trademarks for men's |dmy| baa| ydi| uim| ozv| bnm| moe| iim| jqm| zqw| jum| lng| sou| ejc| jnm| jjj| wpu| vyg| sji| rbi| xuk| owv| cia| ziz| ana| tam| ehl| nmf| abb| vwt| kjr| knv| eox| wlf| dla| tdn| ren| pwr| fhx| ehh| uoh| hri| jfw| nhm| mbk| cdb| hdb| kqp| zbx| vfs|