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twitterBig apparel maker files for bankruptcy
Monday, June 11, 2001 | 11:07 a.m.
NEW YORK -- The Warnaco Group Inc., the maker of Calvin Klein jeans and Speedo swimsuits, filed for Chapter 11 bankruptcy protection today, citing a general economic downturn, a weak retail environment and struggles with its $1.5 billion in debt.
For the first quarter ended April 7, the company lost $62.5 million, or $1.18 per share, on revenue of $499 million.
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