Word: warnaco
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...sweat suit. Despite the informality, signs of Wachner's clout and wealth were evident, from the Gulfstream jet she arrived in to her heart-shaped, five-carat diamond ring to the coterie of executives who trailed in her wake. It was a retinue befitting the chairman and CEO of Warnaco Group, Inc., Hathaway's parent, primarily a manufacturer of intimate apparel, with sales last year of $916 million...
Perhaps she does, but Miss Linda also cares deeply about the stockholders, among whom she, individually, is the largest. On May 6, Wachner stunned the Hathaway workers by announcing that she plans to get Warnaco out of the men's shirt business and close or sell Hathaway...
...says Harvey Jones, ad manager at West Point | Pepperell, who won't even divulge the number of outlets the brand operates. Others go to some lengths to disguise their outlets: Izod Lacoste sportswear is sold at Fashion Flair outlets, Escada at First Choice outlets, and Dior and Hathaway at Warnaco...
Kelly's story has a mythic quality: fairy godparents pop up at the right time, dark perils lead to happy endings. An old friend from Atlanta, model Pat Cleveland, ran into him on the street. She suggested Paris and, unasked, sent him a one-way ticket. The Warnaco deal had the same Kellyesque serendipity. Three years ago, Kelly was free-lancing while building his own label. "If we'd have sneezed, we'd have gone bankrupt," he remembers. Enter journalist Gloria Steinem on assignment to do a profile about Kelly for NBC's Today show. Steinem introduced Kelly to Warnaco...
...progressed to making costumes for a discotheque and, with the help of his business partner, Bjorn Amelan, outfits for a trendy Right Bank boutique and for Benetton. By 1985, his own little black dresses, decorated with bows and buttons, were selling out at Bergdorf Goodman's. Now, with Warnaco behind him, Kelly is expanding rapidly, with 60% of his sales in the U.S. and a booming demand in Europe and the Far East...