It was the end of an era on Wednesday in a fashion world that marks time in biannual seasons. The day marked the finish of one of fashion’s longest, and most successful partnerships: that between Barry Schwartz and his boyhood friend Calvin Klein.

Phillips-Van Heusen Corp. on Wednesday completed its deal to buy Calvin Klein Inc., for $430 million, with additional incentives in coming years that could up the ante significantly. Now, Schwartz is getting ready to step aside from a business he’s been associated with for 35 years — and one that, literally, would not have existed without him.

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