PVH to Acquire Warnaco Group in $2.9B Deal

PVH Corp. and The Warnaco Group today announced that they have entered into a definitive merger agreement pursuant to which PVH will acquire Warnaco. The transaction values Warnaco at approximately $2.9 billion. With over $8 billion in pro forma revenue, PVH will be one of the largest and most profitable global branded lifestyle apparel companies in the world, with a diversified portfolio of iconic brands led by Calvin Klein and Tommy Hilfiger, as well as heritage brands Van Heusen, IZOD, ARROW, Bass, Speedo, Olga and Warner’s.