Klatsky partners in private equity

Bruce Klatsky, the former chief executive of Phillips-Van Heusen, has emerged from a brief retirement to become partner in a new private equity firm, writes WWD. The firm, called LNK Partners, is expected to be involved in the acquisition of retail and apparel companies.

Klatsky stepped down from PVH in June. He will now be working with Apax Partners alumni David Landau and Henry Nasella. Apax Parners was the private equity firm that owns 38 percent of PVH and helped finance the company's acquisition of Calvin Klein Inc in 2003. Klatsky's successor at PVH is Mark Weber, who was the former president and COO of the company. Klatsky spend 33 years working for PVH, ultimately as chairman and CEO for 12 of those.