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DANSKIN, INC. ANNOUNCES INITIAL PUBLIC OFFERING

 DANSKIN, INC. ANNOUNCES INITIAL PUBLIC OFFERING
 NEW YORK, Aug. 19 /PRNewswire/ -- Danskin, Inc. today announced the


successful completion of its initial public offering of 3 million shares of its common stock at the price of $13 per share. The shares will trade on the NASDAQ National Market System under the trading symbol "DANS." Stephens Inc., PaineWebber Incorporated and Scott & Stringfellow Investment Corporation are co-managers of the offering.
 Danskin, Inc. is one of the country's leading manufacturers of exercisewear, dance apparel and sheer hosiery under the brands Danskin, Dance France, Round-the-Clock, Givenchy and Anne Klein.
 Byron A. Hero, Jr., the Company's Chairman and Chief Executive Officer, stated, "The success of this offering, especially in the current IPO market environment, is a testament to the strength of the Company's brand names and its solid growth record over the past four years despite the weakness in the retailing sector and the recessionary economy."
 The Company is a domestic manufacturer which produces more than 90 percent of its products in its York, Pa., and Grenada, Miss. plants. It consists of three divisions -- Danskin, Dance France and Pennaco.
 The Danskin division traces its origins to 1882 and is recognized as the leader in women's activewear. It produces tights, leotards, dance apparel, and swimwear under the Danskin, Danskin Pro, and Danskin Plus labels.
 The Dance France division is noted for its premium high-fashion bodywear, favored by models, actresses and fitness instructors. It was founded in 1979 by designer Francois Geis, who continues to design the line today. Dance France was purchased by the company in 1986.
 The Pennaco division, which was founded more than 70 years ago, is known for its innovation in women's hosiery. It was the first hosiery manufacturer to introduce multiple sizes and colors in pantyhose and was one of the first to use Lycra yarns and micro-fibers. Today, Pennaco is the nation's second largest supplier of branded and private label sheer hosiery to the better department and specialty store class of trade, including such stores as Neiman-Marcus, Saks Fifth Avenue, Nordstrom and Bloomingdale's.
 Danskin, Inc. will continue to operate as a subsidiary of Esmark, Inc., a holding company which is controlled by the Company's Chairman, Hero, and its Vice Chairman, Edwin W. Dean.
 -0- 8/19/92
 /CONTACT: Mary Ann Domuracki, president and chief operating officer of Danskin, 212-930-9139/
 (DANS) CO: Danskin, Inc. ST: New York IN: TEX SU: OFR


AH-PS -- NY028 -- 1328 08/19/92 12:05 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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