The Warnaco Group, Inc. (NYSE: WRC) these days declared they have accessed suitable brand new bowl opportunity having Brand Marketing India, it's latest submitting partner around India, to be able to market and also spread Calvin Klein Underwear, Calvin Klein Jeans, Calvin Klein Jeans Accessories and also ck Calvin Klein top quality apparel in addition to equipment in India. Warnaco will probably own 51 percent on the synovial venture. In relationship considering the synovial venture, several of Warnaco's licenses documents by using Calvin Klein, Inc. were amended to include India that will Warnaco's certified areas with regard to Calvin Klein Jeans in addition to Calvin Klein Jeans Accessories, at the same time in terms of ck Calvin Klein named garments plus accessories.
This mutual venture will bolster your profile of the Calvin Klein brand around India and properly position the business that will capitalize about the considerable increase probable of the actual Indian market.
"This endeavor is constant with our own world expansion strategies for you to develop your rewarding foreign business and some of our direct to be able to consumer footprint. India is envisioned as a crucial driver involving lasting progress plus we're energized to help grow our primary participation, treatments in addition to gross income in such a critical market," commented Joe Gromek, Warnaco's President as well as Chief Executive Officer. "Brand Marketing India is a superb partner having people with regard to virtually six ages and also we count on working mutually to reproduce in India your good results we now have currently achieved when using the Calvin Klein company in additional coming through markets, just like China and Brazil."
Vijay Murjani, Chairman and Managing Director associated with Brand Marketing India, continues to be referred to as Managing Director with the joint venture. The business, which usually will probably be headquartered within Mumbai, India, will utilize around 160 associates.
"We are very delighted to help solidify our partnership along with Warnaco," said Vijay Murjani. "We will be comfortable which our experience, along with the ability from the Calvin Klein brand, will ensure the particular extended development and also success involving this company in India."
"Warnaco along with Murjani have happen to be formidable companions and also we have been confident this mutually they will drive earnings in addition to operate closely having all of us to both protect and boost the Calvin Klein type image inside India," said Tom Murry, President & CEO with Calvin Klein, Inc.
ABOUT WARNACO
The Warnaco Group, Inc., headquartered throughout New York, is often a primary worldwide garments company involved yourself inside business associated with designing, sourcing, internet marketing along with promoting men's, can easily along with kids' sportswear and accessories, intimate apparel, along with swimwear less than like owned and qualified makes seeing that Calvin Klein , Speedo , Chaps , Warner's in addition to Olga . For additional information, visit warnaco.com.
ABOUT CALVIN KLEIN, INC.
Calvin Klein, Inc. will be on the list of leading style design plus advertising and marketing studios in the world. It designs and also real estate markets women's along with gents designer selection garments plus a range associated with other products and solutions which might be constructed as well as marketed through a substantial network regarding licensing arrangments made and various arrangements worldwide. Brands/lifestyles contain Calvin Klein Collection, ck Calvin Klein, Calvin Klein, Calvin Klein Jeans, and Calvin Klein Underwear. Product collections underneath the many Calvin Klein models incorporate apparel, accessories, shoes, sleepwear, hosiery, socks, swimwear, belts, eyewear, watches, jewelry, coats, suits, fragrances, as well as cosmetics, along with merchandise to the home. For more information, take a look at calvinklein.com.
ABOUT PVH CORP.
PVH Corp., one of many planet's largest clothings companies, owns as well as economies the iconic Calvin Klein as well as Tommy Hilfiger companies worldwide. It may be the planet's largest shirt in addition to neckwear provider plus economies many different goods under specific to it brands, Van Heusen, Calvin Klein, Tommy Hilfiger, IZOD, ARROW, Bass as well as G.H. Bass & Co., and it is certified brands, which include Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud in addition to DKNY. For more information, check out pvh.com.
FORWARD-LOOKING STATEMENTS
The Warnaco Group, Inc. notes that certain written, electronic digital and oral disclosure produced by Warnaco coming from period to time, could include forward-looking claims which are produced pursuant towards safe and sound have convention of the Private Securities Litigation Reform Act regarding 1995. The forward-looking phrases involve hazards and also uncertainties and reflect, any time made, Warnaco's estimates, objectives, projections, forecasts, plans, strategies, beliefs, intentions, possibilities along with expectations. Actual results may possibly vary materially from hoped for results, spots as well as outlook and shareholders are usually cautioned to never location undue reliance on almost any forward-looking statements. Statements in addition to statements of historical fact, including, with no limitation, future financial targets, usually are forward-looking statements.
Warnaco stimulates people that will study your section titled "Risk Factors" and the dialogue involving Warnaco's important accounting plans beneath "Management's Discussion as well as Analysis involving Financial Condition in addition to Results regarding Operations Discussion associated with Critical Accounting Policies" listed within Warnaco's Annual Report on Form 10-K, seeing that these kinds of discussions could be modified or supplemented by means of next studies that Warnaco files with your SEC. Forward-looking phrases speak merely as in the date what is the right these people are made, and, except Warnaco's continuing obligation beneath the U.S. u . s . investments laws, Warnaco disclaims any kind of intention and also requirement for you to replace as well as revise almost any forward-looking statements, whether because of this with brand new information, foreseeable future situations or perhaps otherwise.
The Warnaco Group, Inc. Deborah Abraham, 212-287-8289 Vice President, Investor Relations
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