USA: Warnaco Awaits Store Closings Rights Ruling
Troubled apparel maker Warnaco Group Inc should find out on Friday if it can sell the rights to carry out store-closing sales at its 25 Warnaco, Warner's and Olga outlet stores to a joint venture. The New York-based company wants to sell the rights to a JV of SB Capital Group LLC and Tiger Capital Group LLC for $13 million - roughly the cost of the merchandise.