PVH Corp. will be on the sidelines of the acquisitions arena for at least the next two years as it completes its unexpectedly bumpy integration of The Warnaco Group Inc., emphasized PVH chairman and chief executive officer Emanuel Chirico at the company’s annual meeting on Thursday in New York.
“They are all off the table,” he said of potential deals, during an interview following the meeting. “The only things you will see are a continual process on Tommy [Hilfiger] and Calvin [Klein], investing in those businesses. Some of those investments might be taking back geographic regions, product categories, franchises, distributors — those will be the type of very small acquisitions we’d be thinking of. But no brands for the next 24 months. We have enough to focus on, and there’s plenty of room for growth.”
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