The Company encourages investors to read the section entitled "Risk Factors" and the discussion of the Company's critical accounting policies under "Management's Discussion and Analysis of Financial Condition and Results of Operations -- Discussion of Critical Accounting Policies" included in the Company's Annual Report on Form 10-K, as such discussions may be modified or supplemented by subsequent reports that the Company files with the SEC. The discussion in this press release is not exhaustive but is designed to highlight important factors that may affect actual results. Forward-looking statements speak only as of the date on which they are made, and, except for the Company's ongoing obligation under the U.S. federal securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The Warnaco Group, Inc. (NYSE: WRC) today announced the appointment of James B. Gerson as President of its Swimwear division. Mr. Gerson will oversee all aspects of the Speedo ® and Calvin Klein ® Swimwear businesses and will report directly to Helen McCluskey, Group President, Intimate Apparel and Swimwear. He will be based out of the Warnaco Swimwear Group’s headquarters in Los Angeles, CA. Jim joins Warnaco from V.F. Corporation, where he most recently served as President of Reef. Previously, he spent eight years with The North Face brand, where he held increasingly senior leadership positions in Research, Design and Development. In addition, he spent more than a decade concentrating on Swimwear, beginning his tenure with V.F. Corp. focused on Jantzen Swimwear. "We are delighted to welcome Jim to the Warnaco Swimwear Group,” commented Helen McCluskey. “His rich background in swimwear and experience in product design, merchandising and general brand management complement our existing team and will serve us well as we aim to extend our leadership position in Speedo and maximize the global growth opportunities for our Calvin Klein Swim business.” About Warnaco The Warnaco Group, Inc., headquartered in New York, is a leading global apparel company engaged in the business of designing, sourcing, marketing and selling men’s, women’s and children’s sportswear and accessories, intimate apparel, and swimwear under such owned and licensed brands as Calvin Klein®, Speedo®, Chaps®, and Warner's® and Olga®. FORWARD-LOOKING STATEMENTS The Warnaco Group, Inc. notes that this press release and certain other written, electronic and oral disclosure made by the Company from time to time, may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties and reflect, when made, the Company's estimates, objectives, projections, forecasts, plans, strategies, beliefs, intentions, opportunities and expectations. Actual results may differ materially from anticipated results, targets or expectations and investors are cautioned not to place undue reliance on any forward-looking statements. Statements other than statements of historical fact, including, without limitation, future financial targets, such as the 2014 targets, are forward-looking statements. These forward-looking statements may be identified by, among other things, the use of forward-looking language, such as the words "believe," "anticipate," "estimate," "expect," "intend," "may," "project," "scheduled to," "seek," "should," "will be," "will continue," "will likely result, " "targeted", or the negative of those terms, or other similar words and phrases or by discussions of intentions or strategies.