Tommy Hilfiger acquired by Phillips-Van Heusen
March 15, 2010,
New York – Phillips-Van Heusen Corporation, owner of the Calvin Klein brand, will acquired Tommy Hilfiger from Apax Partners funds for approximately $3.0 billion and the assumption of $136.7 million in liabilities. The deal will push PVH’s global business to about $4.6 billion, the company said.
In addition to Calvin Klein and Tommy Hilgifer, other PVH brands that have licensing extensions into home textiles include Izod, Michael Kors, Joseph Abboud and DKNY.