PVH Corp., one of the largest apparel companies in the world, has signed an agreement to acquire the licensed Tommy Hilfiger men’s tailored clothing business for North America from Marcraft Clothes Inc.
Emanuel Chirico, Chairman and CEO of PVH said, “We thank the Marcraft team for its partnership and for building a successful men’s tailored clothing business for the Tommy Hilfiger brand in North America. However, we believe it best serves the needs of our company and brands to have all of the men’s tailored businesses under the direction of one partner.”
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PVH Corp. has over 30,000 associates operating in over 40 countries and over US $ 8 billion in annual revenues. It owns the iconic Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW, Speedo, Warner’s and Olga brands, and markets a variety of goods under these and other nationally and internationally known owned and licensed brands.