Word: kellwood
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...labels often begin as niche markets, their growing profits owe much to their skyrocketing popularity in suburban as well as urban markets. "There's a new young generation optimistic about diversity. They want to buy new America as well as old America," says Simmons, who recently teamed up with Kellwood to launch the sportswear line Def Jam University. "People look around and say, 'Where's the next Polo?' There isn't a new Polo. It's Phat Farm and JLO and Sean John. These companies are all new America...
...being pummeled into bankruptcy, Warnaco's brands still have great value. That--and the fact that they are already in deep--is one of the reasons the banks have loaned Warnaco even more money. But if the bankruptcy court decides to sell off assets, rivals such as VF Corp., Kellwood, Jones Apparel and Sara Lee would be potential buyers. Although technically abrogated by the Chapter 11 filing, the Calvin Klein license, at least for the moment, will probably stay with Warnaco until the judge rules on it. So too, most likely, will Wachner. Her contract includes an estimated $25 million...
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