Will New Suits Make a Difference at Warnaco?
It's hard to see beyond the doom and gloom at Warnaco Group (WAC ) these days. Not only have shareholders watched the apparel maker's stock plummet from $44 a share to 39 cents in recent years, the Chapter 11 bankruptcy filing on June 11 essentially turns that equity into expensive wallpaper -- at least for now. But with its bankers helping to run the store, Warnaco's fortunes may finally be turning around.
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