Word: apparel
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...revolutionized the lingerie business by merchandising bras on racks rather than hiding them in boxes. In the 15 years since she won Warnaco in a hostile buyout, Wachner has used that aggressive style to remake the dowdy $600 million manufacturer of women's undergarments into a $2.5 billion apparel powerhouse, owner of a stylish collection of brand licenses that includes Calvin Klein, Speedo and Chaps by Ralph Lauren. All that hard work helped make Wachner one of the first women to run a FORTUNE 500 company and a top-paid CEO. Her cozy board of directors has regularly awarded...
Last year, as Warnaco's share of intimate apparel fell before the likes of Intimate Brands (Victoria's Secret), Banana Republic, VF Corp. (Vanity Fair) and Sara Lee (Playtex, Wonderbra), the company lost $338 million. Trading in Warnaco's stock, which reached $44 in 1998, was suspended last week after it tumbled to 39[cents] a share; Wachner resigned from the board of the New York Stock Exchange. Her personal stake in the company has plunged from around $200 million to $1.8 million...
...Chase, is part of a collection of banks that will provide Wachner with $600 million in debtor-in-possession financing. That will buy her a few months to try to clean things up. "Under my leadership over the past 15 years, Warnaco has built the best brands in the apparel industry; I do not believe our current circumstances are a reflection on that vision," Wachner said last week in a statement to TIME...
Harvard releases a report declaring sub-par working conditions exist in factories that produce college apparel. The report depicts rampant health and safety violations and also described the difficulty in monitoring the factories. The report is a joint effort with four other universities...
Where there's a yoga blitz, there must be yoga biz. To dress for a class, you need only some old, loose-fitting clothes--and since you perform barefoot, no fancy footwear. Yet Nike and J.Crew have developed exercise apparel, as has Turlington. For those who prefer stay-at-home yoga, the video-store racks groan with hot, moving tapes. The Living Yoga series of instructional videos taught by Yee and Patricia Walden occupies five of the top eight slots on Amazon's VHS best-seller list. "Vogue and Self are putting out the message of yoginis as buff...