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WestPoint Stevens Announces Further Restructuring

WestPoint Stevens AnnouncesFurther RestructuringWestPoint Stevens Inc., West Point, Ga., has initiated new restructuring measures to improve profitability and cash flow. As a result, the company expects annual pre-tax savings of $10 million.[F]urther rationalization of our towel operations will free up capacity to support our expanding Basic Bedding Division. We are also streamlining our Retail Stores Division, closing non-performing stores, said M.L. Chip Fontenot, president and COO. November 2002