Fashion
Calvin Klein owner buys Tommy Hilfiger
The Tommy Hilfiger fashion group is being bought by the owner of Calvin Klein, Philips-Van Heusen. The £2bn deal will create one of the world's largest clothing companies with $4.6bn revenue. Tommy Hilfiger is being sold by private equity firm Apax partners who bought it for $1.6bn in 2006. "I look forward to remaining actively involved in the...
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