PVH Corp. has inked a definitive agreement to sell its G.H. Bass & Co. footwear business to G-III Apparel Group Ltd. for about $50 million in cash. The transaction, revealed late Wednesday, is expected to close early in PVH’s fiscal fourth quarter, which begins in November.
PVH has sought to unload the struggling Bass division, which it acquired in 1987, so it can focus on its higher-growth Calvin Klein and Tommy Hilfiger brands. It began seeking a buyer for Bass following its acquisition of The Warnaco Group Inc. in February, said Emanuel Chirico, chairman and chief executive officer of PVH.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"