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PVH to sell Warners, Olga and True & Co. businesses to Basic Resources for 160 million dollars cash

Fashion company PVH Corp. (PVH), which owns Calvin Klein and Tommy Hilfiger brands, announced Monday its agreement to sell Warners, Olga and True & Co. businesses to Basic Resources, a private, family-owned manufacturer of apparel for consumer brands. The all-cash sale price is 160 million dollars, subject to adjustment. The consideration also...

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