WPS 10-K delay expected

WEST POINT, Ga. — WestPoint Stevens will not file its annual report on Form 10-K for the fiscal year ended Dec. 31, 2004, by the March 16 due date, as a result of its recently announced agreement to sell substantially all of its assets to an investor group, the company stated.

Because of the proposed transaction, the basis upon which WestPoint Stevens' financial statements are required to be prepared is subject to change, according to the company.

The company stated that it anticipates lenders will grant a waiver concerning its financial reporting requirements.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos