NEW YORK — Hip-hop may be the next frontier for TKO Apparel, the $200 million Miami-based private label manufacturer of women’s and men’s pants for brands such as Levi’s, Wrangler, Calvin Klein, Perry Ellis and Izod.

James Tate, president and co-owner of TKO with his brother, Kenneth, said the pair were close to a deal with a “$126 million hip-hop-inspired clothing company” that he declined to identify. Executives familiar with both companies speculated that the firm is Rocawear, part of Damon Dash’s fashion and entertainment conglomerate, The Roc, a $500 million company encompassing brands in fashion and entertainment.

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