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.

 

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