NEW YORK — Barry Schwartz will have to focus his future apparel endeavors on the racetrack.
Phillips-Van Heusen Corp. spelled out some specific non-compete clauses related to its purchase agreement of Calvin Klein Inc. in a filing with the Securities and Exchange Commission on Friday, including a clause that would allow Schwartz, who is chairman of CKI but also a well-known racing enthusiast, to hypothetically sell New York Racing Association T-shirts.
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