Will New Suits Make a Difference at Warnaco?

The apparel maker had a long fall to its recent bankruptcy filing, but fresh faces in key positions offer hope for an eventual turnaround

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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