Klatsky to Partner in Private Equity Firm

Bruce Klatsky, former ceo of Phillips-Van Heusen, has become a partner in a new private equity firm.

NEW YORK — Retirement didn’t last long for Bruce Klatsky.

The former chief executive officer of Phillips-Van Heusen has surfaced as a partner in a new private equity firm called LNK Partners, which is expected to be involved in the acquisition of retail and apparel companies.

Klatsky, who officially stepped down from PVH at its annual meeting in June, is now working with two former executives of Apax Partners, the private equity firm that owns 38 percent of PVH and helped finance the company’s 2003 purchase of Calvin Klein Inc. They are David Landau, who was on the board of PVH until stepping down in June, and Henry Nasella, who joined Apax after a successful retail career that included posts as president and chief operating officer of Staples and chairman and ceo of Star Markets, a regional supermarket chain.

Other principals in the White Plains, N.Y.–based company are H. Christopher Frigon, formerly a principal at Crimson Investment LLC, a middle-market private equity firm focused on consumer products and industrial equipment, and Bethany Zangrillo, director of operations, who was formerly with Gartner Inc., a technology research and advisory firm.

Klatsky did not return calls to comment last week.

In June, Klatsky, 56, turned the reins of PVH over to Mark Weber, his longtime number two and the company’s former president and chief operating officer. Klatsky had spent 33 years at the company, the final 12 as chairman and ceo. In addition to the Calvin Klein deal, he was also instrumental in the acquisitions of Izod, Gant, Bass and Arrow.

When announcing his impending departure from PVH in March, Klatsky said he planned to focus much of his attention on Human Rights Watch, an independent, nongovernmental organization he has been involved with for a decade. He continues to serve on the group’s board.

This story first appeared in the October 10, 2005 issue of WWD.  Subscribe Today.