By  on April 25, 2012

NEW YORK — PVH Corp. is on the acquisition hunt again, this time sooner than expected.

The $5.89 billion apparel giant is following the same pattern it used after its Calvin Klein acquisition before going on to buy Tommy Hilfiger: pay down the debt quickly, complete the integration process and then see what’s out there that can move the needle.

PVH completed the $435 million cash deal for Calvin Klein in 2003, and paid down the debt in two-and-a half years. The $3 billion Hilfiger deal was completed in 2010, and PVH, which took on $2 billion of new debt, quickly delevered by paying down $450 million in 2010 and another $300 million in 2011.


To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus