$3B Hilfiger deal close
Apparel giant Phillips-Van Heusen is inching ever nearer to buying Tommy Hilfiger for about $3 billion — with an announcement expected as soon as today.
The Post reported this month that PVH and Hilfiger were holding exclusive talks ahead of the designer’s plan to launch an initial public offering to fund a recapitalization of the company.
Hilfiger is currently owned by Apax Partners, a British private-equity firm.
PVH owns such clothing brands as Izod and has licensing deals with such labels as Calvin Klein and Kenneth Cole.
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