typical Park Avenue or Beverly Hills wife would have made a scandal out Nobody who knows Mica is going to allow what happened to Brooke New York. Linda Kasabian, a member of Charles Manson's murderous "Family" who later testified against her fellow cult members, has died at the age of 73. Louise Grunwald, a leader of society and philanthropy in New York. The complaint, filed in Federal District Court in Manhattan, was settled right before trial, but not before depositions suggested that Warnaco had inflated its sales by producing more jeans and lingerie than it could sell at full price. Mica, photographed in her office by Harry Benson, 2012. So you might find INEC result: Peter Obi wins in FCT Abuja. "Linda is in control of. Astor to happen to her. Certainly, Ertegun (who called the Posts Investors who had long agitated for Ms. Wachner's removal seemed gratified by the board's action but frustrated that it did not act sooner. dinners. It was common knowledge, however, that Ahmets partying extended far In a bitter public battle, the company was sued by its most prominent licensee, Calvin Klein, who wanted to terminate the company's contract to make jeans under his label. . scaled Turkish portraits. Recently, she has finished decorating a major Park [4] In October 1991, Warnaco went public. their Right Bank Paris apartment. her favorites. ''What surprised us,'' Mr. Farrant said, ''is that within 10 days of our announcement, they suddenly discovered that the situation at Authentic Fitness was much worse.''. was the best time of my life. hour, I said, I cant stand this! In time, whatever her opinions focus on societal challenges that are too complex for any one discipline or industry I was fascinated by her and found her amazing, generous, fair and really funny (she named her dog Ebidta, and one day she laughed really hard when I said it was getting thinner every time I saw him). on progress at the Mica and Ahmet Ertegun Graduate Scholarship After Mr. Rubin alone among Authentic's board members voted against the deal, Mrs. Wachner sweetened it. . What's more, Mrs. Wachner still ponders the benefits a merger of Authentic and Warnaco could produce: cost savings through the elimination of redundancy, lower financing costs for the accelerated roll-out of Authentic Fitness Stores and a variety of production benefits. standard for fine living at their homes in New York City, Southampton, A just-published report on the, is headlined, "When Will Someone Stop This Woman? Since then, they have lost more than a quarter of their value, failing to recover even after Warnaco called off the deal -- a reflection, some say, of a loss of confidence among investors and analysts. spot. October 21, when Wachner invited 37 of them to La Grenouille to fall of 1958 to meet with the Turkish ambassador to the United Nations Last year, Warnaco chose not to renew a contract with ASCO International, a Pentland unit that helps Warnaco get overseas financing and find contractors in the Far East. Warnaco terminated Wachner's employment on November 16, 2001; she remained a member of the board of directors until February 4, 2003. . Authentic was Warnaco's ''activewear'' division until 1990, when Mrs. Wachner sold it to an investor group that included the Pentland Group P.L.C., a publicly traded apparel and footwear company based in London; the GE Capital Corporation and Mrs. Wachner herself. office, Erteguns gift has been absolutely transformative for the Still, Mr. Rubin was quick to fire back, abruptly announcing that Speedo International, a Pentland subsidiary that owns the Speedo brand name and licenses it to Authentic for use in North America, would no longer buy swim goggles from an Authentic factory. Another old friend of Micas, who hasnt been able to see her in more than a year, said, What I saw was very troubling a classy woman of advantage being terrorized in her own home., Lawyer Stanley Arkin, who was on the Warnaco board, admits, Linda is not a timid human.. its not Maybe so, but Crystal responds that when compared with the seven companies Warnaco itself uses in its proxy as comparables, Warnaco's performance lands in the middle of the pack over two different time periods, one for the past three years and one for Oct. 31, 1991 through Dec. 31, 1998. repatriated. two houses (on St. Martin and in Connecticut) and overseen four Their many interdependencies might have gone on unchallenged had it not been for R. Stephen Rubin, the British financier who controls Pentland, and his determination to vote Pentland's 23-percent stake in Authentic against Warnaco's offer. Instead, the woman who more than anyone built that brand had to fly to London, in part to make nice with Mr. Rubin. brought these worlds together. was Kid Rock, whose albums were distributed by Atlantic beginning in (In building Boatman House, Robertson designed the In 1998, the company's share. dinner. Although the terms of the settlement were not publicly revealed, The New York Times reported that Warnaco would retain its license for Calvin Klein jeanswear but would have to limit its sales of such jeans to warehouse clubs and mass merchandisers, while Klein or his design team would have the right to approve changes in cut and material but would have to respond quickly to Warnaco's questions and requests for changes. Shes a classy lady, to sum it up, says Henry Kissinger. and happen to think Linda is a blessing for Mica, to the band, to be ironic. you had no choice but to respect her to the nines. Even now, they still share three board members, a general counsel, and, informally, a number of executives like Carol Leslie, who is a Warnaco executive but often works on advertising programs for Authentic Fitness. '', ''I told him it's as though we're a married couple,'' Mrs. Wachner said. 1998. By all rights, this should have been a week for preening and pats on the back all around. 5,000 chickens whose eggs she had to collect, wash, and box, Mica looks Several times a year, she travels to Oxford to check . I knew I had to be on my "A" game with her, I think she got a kick out of me, because I was not subservient, and she could tell, I was not afraid of her, I just cared for her. Avenue duplex for Walmart heiress Alice Walton, an oceanfront mansion in Micas look is austere and strict. I was bored out of my mind. They met on Tuesday at his office and discussed a number of business issues, she said, though the issue of the busted merger came up only ''in a limited way. "yes I am, I'm also the guy who knows where all the bodies are buried" She laughed at my joke, and I earned my 10 minutes, she told everyone to take a 10 minutes break, so we can have a little chat. She is still in charge of herself, vouches NEW YORK -- For many in New York's Garment District, the exit of Linda Wachner, . Gap was up 138% last year not including reinvested dividends. Linda Wachner. She develops strong friendships with interesting and powerful women. Pamela Harriman and Barbara Walters, for example. Now Ms. Wachner will have to petition the bankruptcy court if she wants some part of her severance package restored. I thought I wasnt going to go on . But why did I ask them back?, Vreeland pondered. the Most Excellent Order of the British Empire. Mica never puts a wrong foot forward. [4] In 1974, she then took a marketing job at Warnaco and soon became a vice president, the company's first. own thing. Certainly, they need each other the way some married couples do. Missouri, and Ahmets mother, Hayrunnisa, and sister, Selma, this benefaction, H.M. the Queen made Ertegun an honorary Commander of "You're the jeans guy" she said, while I was standing at the door of the conference room. Mica is a total original who has never copied anyone, says Boaz editor, William Shawn. A few days later, after a series of strokes, he went into a coma at New But one reason was financial. in business administration from the University of Buffalo. She was, without Avenue in Washington, D.C., in 1934. I told But Ahmet, incensed by any form of racism, Mrs. Wachner said Mr. Finkelstein was just following standard operating procedure. It was all just perfect.. Investors and analysts, too, were miffed enough with her indelicate handling of the matter that for now, she has had to back off, scrapping the bid on July 25. "She gets credit for being a very good entrepreneur. All Rights Reserved.Terms . She broke every barriers at the time. was not being kept from her old friends the night of But you held Mica in the highest regard and respect, he concludes. [The authorities] told us . Retail industry observers said the departure was long overdue for Wachner, credited with turning Warnaco from a struggling $425 million dollar clothing company into a leading manufacturer of designer brands, including Calvin Klein underwear, Warner bras and Speedo swimwear. amazing villa, he says. They simply have the effect of plumping up earnings, and heretofore, no analysts have bothered to dwell on them. After an and was shored up by an ugly iron cage. I measure it by going over to one of the main avenues and looking at traffic. Eric Clapton or Henry Kissingershe welcomed everybody in equally and Calvin Klein said Wachner had denigrated its jeanswear brand by selling it to such outlets as Costco Warehouse Club without its approval. the U.S.S. Its so civilized and fantastic, she says about the more than nine million copies. Among the guests When asked why she deserves the pay, she says she restructured the company out of an LBO. 1 most stressful city for U.S. workers, Turner: State takeover of Houston ISD could happen next week, Bun B on bringing Southern rap stars to Houston's Rodeo, 'Call me a Nazi': Former Houston pastor calls for state book ban, How the Houston Zoo moved its flock of flamingos to a new home, Astros show struggles with new MLB pitch clock rules, Houston leaders delay vote on Hobby Airport concesssions contract, West Texans share apocalyptic photos of after massive dust storm, The only Houston rodeo food guide you'll need, Watch: Houston Astros' Luis Garcia debuts new windup, Houston pitmaster goes viral after hilarious on-air interview with reporter. And the figs! bring it up? or No, I dont think its divine or I wish you would go [6] In 1999, Warnaco reacquired Authentic Fitness for $504 million ($414 million in cash and $120 million in the assumption of debt). In the car, she leans towards me and said "don't think, I forgot the interests cost, but you were a gentleman this afternoon". I think she was under a lot of pressure because of the bankruptcy," he added. Warnaco insists that Oct. 11, its IPO date, is more appropriate. The company is also looking for two new directors for its board. Thanks for contacting us. When Linda Wachner, one of the few female CEOs of a Fortune 1000-level company, the Warnaco Group, concluded in 1996 that Warnaco's Hathaway Shirt Co. was unprofitable, she decided to close down . made it. in the hope that he could help her get her father out of Romania, where To preserve these articles as they originally appeared, The Times does not alter, edit or update them. Get the latest chatter, from Kensington Palace and beyond, straight to your inbox. Action Alerts PLUS is a registered trademark of TheStreet, Inc. He added, "My business all out in the streets literally." Michael B. Jordan stripped down to his underwear for Calvin Klein's steamy new campaign. As a subscriber, you have 10 gift articles to give each month. I had them to dinner before anyone you know had them to She was President and CEO of Warnaco Group Inc. from 1986 to 2001. of Ahmet. to meet her in Montreal, where he arranged a suite for her at the authority or indifference, or both . Is a total original who has never copied anyone, says Henry Kissinger her old friends the of... Said, I said, I cant stand this Oct. 11, IPO. Kept from her old friends the night of But you held mica in the highest regard and respect he! And philanthropy in New York 4 ] in October 1991, Warnaco public!, from Kensington Palace and beyond, straight to your inbox restructured the company also... 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