NEW YORK — Bankrupt Warnaco Group on Wednesday filed its June operating report with the Securities and Exchange Commission showing a loss due primarily to reorganization costs.
For the period from June 2 through July 6, the loss was $27.6 million on revenue of $110.2 million. Operating income was $1.4 million, but reorganization costs of $28.2 million clearly pushed the firm into the red for the month. Restructuring-related costs include: $1 million in asset write-offs; $2.7 million in professional fees; $488,000 in retention bonuses; $1.1 million for severance and $22.9 million for a lease settlement with GECC.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)