WASHINGTON -- The Federal Trade Commission said Monday it has given antitrust clearance for The Warnaco Group to buy Calvin Klein's men's underwear business.
In giving the go-ahead in a routine clearance, the agency signaled it found no anticompetitive grounds to block the acquisition by Warnaco.
As part of the $64 million deal, announced on Jan. 18, Warnaco will also license the trademarks for Calvin Klein's men's accessories worldwide, plus the worldwide trademarks for women's innerwear when the current U.S. license for the category expires at the end of the year.
Besides the Warnaco/Calvin Klein underwear acquisition, the FTC also gave antitrust clearance for Allied Textile Co., Bradford, England, to buy Carleton Woolen Mills, New York, for $15.2 million, plus $3 million in ATC stock.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)