By  on October 31, 2012

Steeped in fashion and financial lore, Warnaco Group Inc. has had a highly volatile and storied past — and a lot of it revolves around Calvin Klein.

Linda J. Wachner, a former foundations buyer at Macy’s Herald Square who served as Warnaco’s president, chairman and chief executive over a 15-year span, led a leveraged buyout with an investment group in 1986, wresting control of Warnaco away from existing management. Observers say the move was akin to those of other Nineties buyout specialists such as Henry Kravis, Saul Steinberg and Ronald Perelman.

RELATED STORY: PVH Corp. to Buy Warnaco in $2.9B Deal >>

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