The Warnaco Group, Inc., the parent of Speedo, announced that its board of directors has approved a new multi-year share repurchase program for up to $200 million of the Company's outstanding common stock.
As of August 31, 2011, the company completed its previously announced 2010 share repurchase program, under which five million shares of common stock were repurchased.
All repurchases of shares under the new program will be made consistent with the terms of the Company's applicable debt instruments.
Warnaco's owned and licensed brands are Calvin Klein, Speedo, Chaps, and Warner's and Olga.
