By  on March 24, 2010

Phillips-Van Heusen Corp. will begin taking over the operation of Wal-Mart Stores Inc.’s neckwear business with first shipments in May, an initiative that could add $20 million to wholesale volume next year.

Emanuel Chirico, chairman and chief executive officer of PVH, discussed details of the new business on Tuesday morning on a conference call to discuss fourth-quarter results released late Monday.

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