New York-Based Clothing Retail Empire Files for Bankruptcy. (12-JUN-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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New York-Based Clothing Retail Empire Files for Bankruptcy.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 12-JUN-01

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Byline: Judith Schoolman

Jun. 12--Bankruptcy yesterday came between Warnaco and its Calvins.

Reeling from a costly licensing battle with Calvin Klein, a first-quarter loss and a warning to lenders its mounting debt was raging out of control, Linda Wachner's Warnaco clothing empire filed for bankruptcy yesterday. Linda Wachner

Critics blamed Wachner for Warnaco's woes and complained about her brash and demanding style.

"Look at the revenues of the company, at its profits. The captain of the...

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