Calvin Klein owner to buy Hilfiger label

American fashion label Tommy Hilfiger is to be bought by the owner of Calvin Klein in a deal worth €2.2bn, it was revealed today.

Calvin Klein owner to buy Hilfiger label
Mon, 15 Mar, 2010 - 14:17

American fashion label Tommy Hilfiger is to be bought by the owner of Calvin Klein in a deal worth €2.2bn, it was revealed today.

Phillips-Van Heusen, which bought Calvin Klein in 2003, has agreed a deal to take over the clothing company, marking the second change of ownership in four years for Tommy Hilfiger.

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