NEW YORK — Kasper A.S.L. Ltd., set to be bought in a bankruptcy auction by Jones Apparel Group for $216.6 million, said Tuesday that it expects net income of $1 million to $7 million for the second quarter ended June 28, according to a filing with the Securities and Exchange Commission.
This story first appeared in the August 13, 2003 issue of WWD. Subscribe Today.
For the same period a year earlier, Kasper posted net income of $6 million, the filing said.
Kasper, which has been operating under Chapter 11 bankruptcy protection since February 2002, also said it couldn’t file its Form 10-Q on time with the SEC because its management has been occupied with the company’s reorganization. Kasper’s purchase by Jones is expected to be confirmed Thursday by the court.
Meanwhile, the Anne Klein division of Kasper said Tuesday it was entering men’s wear through two licensing agreements.
It will launch Anne Klein New York men’s apparel for spring with Peerless Clothing and casual outerwear for fall 2004 with Herman Kay Bromley, which already holds the license for Anne Klein women’s coats.
The men’s wear line from Peerless will include suits, sport coats, tailored pants, tuxedos and overcoats. Lisa Bromberg, vice president of Anne Klein Licensing, said the firm also is pursuing a license for men’s shirts and ties.
The Herman Kay-produced line will feature casual jackets in leather, suede, down, nylon, microsuede and wool.