Apax To Sell Tommy Hilfiger China JV Stake To Parent Company For $172M

European private equity firm Apax Partners and other investors have agreed to sell their stake in Tommy Hilfiger Asia Ltd. to Tommy Hilfiger's parent company, according to a company statement. PVH Corp., the U.S. clothing company owning brands including Tommy Hilfiger and Calvin Klein, has entered into a definitive agreement to acquire 55% of China-focused […]

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