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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)