Investors are keen on the idea of having the Calvin Klein business under one roof and pushed up shares of both the brand’s owner, PVH Corp., and its largest licensee, The Warnaco Group Inc., on speculation that the time for a merger of the two firms was approaching.
PVH’s stock set a new 52-week high of $73.31 Thursday before settling at $72.70, up 3.3 percent for the day. Warnaco gained 1.8 percent to $55.04 in what was generally a down day for the market.
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?"