(Filed Under Financial and General Interest News). Lazard Capital Markets, a provider of research, sales and trading and underwriting in several areas including consumer goods, upgraded Warnaco Group Inc’s sales to “buy” from “hold” on Tuesday, January 5th, according to several reports.
Warnaco’s current growth pattern is based mainly on the success of its strengthened international business. As previously reported in BODY, during the third quarter ended October 2nd, 2009, the company reported a 6 percent increase in international revenues, accounting for 61 percent of total revenues, which it attributed to the continued expansion of its Calvin Klein brand, particularly in Europe, China and South America.
The Warnaco Group, Inc. designs, sources, markets, licenses and distributes intimate apparel, sportswear and swimwear under brand names including Calvin Klein; Speedo; Chaps; Warner’s, and Olga. The company’s subsidiaries include CKJEA.
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