Ross Sees Bright Future for WPS

March 2005
Home Textiles Today;3/7/2005, Vol. 26 Issue 26, p1
Trade Publication
The article reports that investor Wilbur Ross--who has recently cut a deal to buy bankrupt textiles producer WestPoint Stevens Inc. (WPS)--sees bright future for WPS. If investor Wilbur Ross has his way, WPS just might rise like a phoenix from the ashes of bankruptcy, taking wing as a low-cost global textiles producer through an alliance of joint ventures abroad. Ross said that once the deal is put to bed, and his investor group owns the textiles producer, he would like to see the company leverage its considerable strengths on a global platform.


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