CALVIN TIME: There will be a lot to celebrate at the Calvin Klein fashion show Friday. Besides being Valentine’s Day, it’s the day Phillips-Van Heusen Corp. will close its deal to buy Calvin Klein Inc. for $430 million up front, with additional payouts of as much as $270 million in the coming years.

In the meantime, Calvin Klein is the latest American iconic designer to get the bio treatment, this time from Lisa Marsh, retail reporter for the New York Post, who’s left her job at the paper to devote herself full-time to writing (yet another) book about Klein. It will be called "The House of Klein: America’s Last Great Designer" and will be published this fall by John Wiley & Sons.

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