Hilfiger to Merge with Calvin Klein

Summary


NEW YORK -- Two iconic American clothing labels -- preppy Tommy Hilfiger and Calvin Klein, known for its modern aesthetic -- are coming together under one roof.

Calvin Klein parent Phillips-Van Heusen said Monday it plans to purchase Tommy Hilfiger for about $3 billion in cash and stock.

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Hilfiger to Merge with Calvin Klein

The deal adds a prominent br...

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