Warnacos history dates back to 1874. The original company designed, manufactured and sold Warners corsets to retailers. Since then, Warnaco has evolved into a multi-brand, multi-channel apparel company, which endeavors to provide fashion for a country and a world in change.

Our products are distributed domestically and internationally, primarily to wholesale customers through multiple distribution channels, including major department stores, independent retailers, chain stores, membership clubs, specialty and other stores and mass merchandisers and the internet, including such leading retailers as Macy's and other units of Federated Department Stores, J. C. Penney, Kohl's, Sears, Target, Costco and Wal-Mart. The Company also operates over 75 underwear retail stores worldwide (45 directly and approximately 30 under retail licenses or distributorship agreements) For fiscal year ended January 1, 2005, 72.6% of the Companys net revenues were generated from domestic sales and approximately 27.4% were generated from international sales.

Warnaco owns and licenses a portfolio of highly recognized brand names. The majority of the trademarks we use are either owned or licensed in perpetuity and generated approximately 65% of our fiscal 2004 revenues. Our core brands have been established in their respective markets for extended periods and have attained a high level of consumer awareness.

Warnaco relies on its highly recognized brand names to appeal to a broad range of consumers. We design products across a wide range of price points and strive to meet the needs and shopping preferences of male and female consumers across a broad age spectrum. We believe that our ability to serve multiple domestic and international distribution channels with a diversified portfolio of products under widely recognized brand names at varying price points distinguishes us from many of our competitors and reduces our reliance on any single distribution channel, product, brand or price point.