INDUSTRY NEWS: Warnaco Names Sheree Waterson President of SPEEDO® North America

NEW YORK – February 15. THE Warnaco Group, Inc. (NASDQ: WRNC) today announced that it has appointed Sheree Waterson as the new President of Speedo North America, a division of Warnaco Swimwear Inc. Ms. Waterson will oversee all aspects of Speedo’s design, development, merchandising, marketing and sales.

A 25-year veteran of the retail and wholesale apparel industries, Ms. Waterson brings extensive experience in product development and brand management. Most recently, she served as Vice President of Women’s Apparel at Levi Strauss.

Before joining Levi Strauss, Ms Waterson held senior level management positions at Wet Seal, Contempo Casuals, and Mervyn’s. Ms Waterson holds a B.A. in Psychology from the University of California, Berkeley.

“Sheree’s merchandising and brand management skills will be tremendous assets to the Speedo brand and we look forward to her leadership,” said Kathy Van Ness, Executive Vice President Warnaco Swimwear Inc.

Further, President of Warnaco Swimwear Inc., Roger Williams said, “The Speedo brand is one of the world’s few true sports lifestyle brands. Our growth plans for Speedo in North America are aggressive and Sheree is the perfect candidate to head this task.”

Commenting on today’s announcement, Ms. Waterson said, “Speedo is a brand with great market penetration and brand recognition. This is a unique opportunity and challenge that I embrace with great passion.”

SPEEDO® and the Boomerang Device are registered trademarks of and used under license from SPEEDO International Ltd.

Warnaco Swimwear Inc., a division of The Warnaco Group Inc. (NASDAQ: WRNC), is the authorized licensee of the Speedo trademark in North America and the Caribbean.

About Speedo®
Born on Bondi Beach near Sydney, Australia in 1928, SPEEDO® is the world’s top-selling swimwear brand. The brand’s heritage derives from its leadership in competitive swimming, where more Olympic Gold Medals have been won in Speedo than any other brand. Eight-time Olympic Medalist Michael Phelps is among the elite swimmers who wear SPEEDO® Fastskina technology. Building on its authentic base, the SPEEDO® product line has dramatically expanded over the years. It now includes women’s fashion and fitness swimwear, men’s water shorts, kid’s swimwear, active wear, footwear, and a comprehensive collection of aquatic and fitness equipment.

About The Warnaco Group, Inc.
The Warnaco Group, Inc., headquartered in New York, is a leading apparel company engaged in the business of designing, marketing and selling intimate apparel, menswear, jeanswear, swimwear, men’s and women’s sportswear and accessories under such owned and licensed brands as Warner’s®, Olga®, Lejaby®, Body Nancy Ganz(tm), Speedo®, Anne Cole Collection®, Ocean Pacific®, Cole of California® and Catalina® as well as Chaps® sportswear and denim, JLO by Jennifer Lopez® lingerie, Nautica® swimwear, Michael Kors® swimwear and Calvin Klein® men’s and women’s underwear, men’s accessories, men’s, women’s, junior women’s and children’s jeans and women’s and juniors swimwear.

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