The Barington Group has acquired approximately
5.6% of the common stock of The Warnaco
Group, Inc. Barington stated in a filing
with the SEC that it believes Warnaco to be
undervalued and that it wishes to engage in
discussions with senior management concerning
measures to improve shareholder value.
Such measures could include a substantial reduction
in equity grants, an improvement in
gross and EBITDA margins, the disposition of
non-core brands and licenses, and the possible
sale of the company.
