WARNACO GETS REAL ESTATE ADVISER
NEW YORK — Bankrupt The Warnaco Group Inc. last week received Manhattan bankruptcy court approval to hire Keen Realty as its real-estate adviser. The debtor also got the nod to assume and assign an agreement with investment banking firm SG Cowen Securities Corp. to Warnaco BV.
Warnaco Group entered into the agreement with SG Cowen on April 25, six weeks before the company filed a voluntary Chapter 11 petition, in connection with the possible sale of Lejaby SAS
Warnaco indirectly owns Lejaby, a French manufacturing partnership, which in turn is a wholly owned subsidiary of Warnaco Netherlands BV and Warnaco Holland BV. Neither Lejaby nor the two foreign Warnaco entities are involved in the Chapter 11 case.