NEW YORK — The Warnaco Group’s plan of reorganization, filed early Tuesday, may serve to put the company and its assets in play, but its chief executive believes it makes it a "player" in the high-stakes apparel business once again.

According to Tony Alvarez, Warnaco’s ceo since last November, the company’s restructured balance sheet puts it in a perfect position to take advantage of opportunities resulting from the lackluster retail environment.

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