Ms. McCluskey commented, “The organizational changes and key appointments we are announcing are an important step in further strengthening and positioning Warnaco to accelerate growth of our Calvin Klein businesses and maximize their potential across the globe, particularly as our direct-to-consumer channels become a larger part of our business. Karyn is a well respected merchant with 20 years of experience. Under her leadership, we will be placing a heightened focus on the consumer and product development to continue to deliver a differentiated brand experience and best serve and respond to the evolving needs of our customers. At the same time, Mark is a proven executive who is deeply respected within our organization and will lead our global team in assuring that we are best positioned to grow our revenue base across all markets and channels of distribution, with a particular focus on enhancing the brand experience in our fast-growing direct-to-consumer channels.”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 certain 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, are forward-looking statements.
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. 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.