NEW YORK -- John Kourakos has one last interview to get past before he starts his next job -- and it's with Richard Bohanon, a U.S. Bankruptcy Court judge.
Kourakos is set to join The Warnaco Group Inc. as president of sportswear, if he's approved at a Tuesday hearing, according to court papers. Warnaco's sportswear group includes Calvin Klein women's, men's and children's jeans, Chaps by Ralph Lauren and the ABS by Allen B. Schwartz line.
It wouldn't be his first tour of duty at Warnaco's licensed Calvin Klein business. From 1994 to 1996, he served as president of Warnaco's Calvin Klein Underwear and Men's Accessories units. He joined Warnaco after an eight-year tenure at Calvin Klein Inc.
If the hiring is approved, it would mark one of the biggest personnel moves that chief executive officer Antonio (Tony) C. Alvarez Jr. has made since taking the reins from Linda Wachner in November.
In an interview shortly after he joined Warnaco, turnaround ceo Alvarez said: "My first intention is to recruit talent within or outside the company+that will enable us to focus on the core groups and maximize the value of the brands."
The Calvin Klein-Warnaco relationship was a tumultuous one in the last years of Wachner's reign. Tempers first flared in the late Nineties, after Warnaco took controversial steps, such as selling to warehouse clubs and opening up underwear distribution to J.C. Penney Co. Things came to a head in May 2000, when Calvin Klein Inc. sued Warnaco and then settled the following January, when Klein famously kissed Wachner on the cheek in a Manhattan courthouse.
One jeanswear executive said Kourakos would be "just the guy" to help turn around the Calvin Klein jeans business.
In court papers, Warnaco said: "Kourakos's qualifications and experience in the apparel industry make him well-suited to become the new president of the company's sportswear group. Mr. Kourakos is a well-regarded and seasoned executive who has worked in the apparel industry for many years."
Kourakos could not be reached for comment Friday.
Since leaving Warnaco in 1996, Kourakos has worked in a variety of roles at Tommy Hilfiger, first as president of the Tommy Jeans and then as president of men's wear. He left that position in September.According to the court filing, Warnaco is proposing to pay Kourakos $800,000 a year and $1 million in bonuses over the course of the year, payable in three installments, provided he remains with the company.
The company also disclosed to the court that it posted a $20.1 million loss for the four weeks ended Dec. 1. Excluding reorganization costs of $5.2 million and an income tax benefit of $1.7 million, the loss would have been $16.6 million. The loss for the six months is $220.5 million.
In addition, Warnaco is seeking court approval to enter into an agreement with Vestar Capital Partners for the potential sale of its Lejaby business. Lejaby, based in Lyon, France, is not a debtor in Warnaco's Chapter 11 cases, but is up for sale because the operation was deemed a "noncore" asset. Warnaco purchased the intimate apparel, sleepwear and swimwear firm in 1996 for $79 million and indirectly owns it through two Netherlands holding companies.
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye