PVH Buys Tommy

New York–based Phillips–Van Heusen Corp. agreed to purchase the Tommy Hilfiger Group from private-investment company Apax Partners for approximately $2.6 billion in cash and $380 million in PVH stock. PVH operates a growing stable of brands, including Van Heusen, Calvin Klein, Izod, Arrow, Bass and G.H. Bass & Co., as well as licensed brands Geoffrey Beene, Kenneth Cole New York, Kenneth Cole Reaction, Unlisted, BCBG Max Azria, BCBG Attitude, MICHAEL Michael Kors, Sean John, Chaps, Donald J. Trump Signature Collection, JOE Joseph Abboud, Tommy Hilfiger, DKNY and Timberland.