US: Warnaco cuts FY guidance as Q2 profit slumps
Apparel group Warnaco has cut its full-year projections for revenues and earnings after second quarter profit slumped 79%, hit by a $12m charge linked to its 2008 sale of lingerie brand Lejaby.
Apparel group Warnaco has cut its full-year projections for revenues and earnings after second quarter profit slumped 79%, hit by a $12m charge linked to its 2008 sale of lingerie brand Lejaby.