The Warnaco Group, Inc. has announced that it has agreed to acquire 100% of the shares of the companies that operate the licences and related wholesale and retail businesses of Calvin Klein jeans and accessories in Europe and Asia and the CK Calvin Klein "bridge" line of sportswear and accessories in Europe from Fingen SPA, a holding company controlled by Corrado and Marcello Fratini of Florence, Italy, for €240 million.

The acquired licences between Warnaco and Calvin Klein will have 40-year terms. Additionally, beginning in 2008 and continuing through December 2013, Warnaco will assume the licence for Calvin Klein men's and women's Collection apparel and accessories worldwide from Fingen.

The transaction is expected to close in the first quarter of 2006.

The Warnaco Group brands include Warner's, Speedo, Ocean Pacific, Chaps sportswear and denim, J. Lo by Jennifer Lopez lingerie, and Nautica swimwear.