Calvin Klein owner buys Tommy Hilfiger brand

16 Mar, 2010

The company behind Calvin Klein has bought fellow US fashion brand Tommy Hilfiger for 2.2 billion euros (3.0 billion dollars), Hilfiger's current owner said in a statement on Monday. "Funds advised by Apax Partners today announced a definitive agreement to sell Tommy Hilfiger Group to Phillips-Van Heusen Corporation for a total consideration of approximately 2.2 billion euros," Apax said. Apax Partners is a leading British private equity group.

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