The beleaguered Warnaco Group surprised observers recently when it said it would emerge from bankruptcy protection in early 2003 as a standalone company, with much of its stable of brands remaining.
Upon exiting bankruptcy, Warnaco will hold $265 million in debt, which includes senior subordinated notes, plus its borrowings under an exit facility. At its peak, Warnaco’s capitalization in June 1998 was $2.8 billion. The company’s bread-and-butter brands include Warner’s, Olga, Bodyslimmers, Lejaby, and of course, Calvin Klein Underwear for men and women, which it owns outright, and a long-term license for CK Jeanswear.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"