December 22, 2005
The Warnaco Group, Inc. announces agreement to acquire 100% of the shares of the companies that operate the licenses and related wholesale and retail businesses of Calvin Klein® jeans and accessories in Europe and Asia and the CK Calvin Klein "bridge" line of sportswear and accessories in Europe for $286 million.
On December 20, The Warnaco Group, Inc. announced its agreement to acquire 100% of the shares of the companies that operate the licenses and related wholesale and retail businesses of Calvin Klein® jeans and accessories in Europe and Asia and the CK Calvin Klein "bridge" line of sportswear and accessories in Europe for $286 million. The companies are being acquired from Willkie client Fingen SPA, a holding company controlled by Corrado and Marcello Fratini of Florence, Italy. Calvin Klein, Inc., the licensor of the businesses being acquired, is a minority shareholder of certain of the entities being acquired, and is a wholly owned subsidiary of Phillips-Van Heusen Corporation. The Warnaco Group, Inc., headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men's and women's sportswear and accessories under a variety of owned and licensed brands. Willkie partner Serge Benchetrit and associate Patrick de Carbuccia represented the seller Fingen and Corrado and Marcello Fratini in the deal.
