discount sac Michael Kors
Uncategorized / septiembre 2, 2017

The Warnaco Group, Inc. (Nasdaq: WRNC) today announced that it has agreed to acquire 100% of the shares of the companies that operate the licenses and related wholesale and retail businesses of Calvin Klein(R) jeans and accessories in Europe and Asia and the CK Calvin Klein “bridge” line of sportswear and accessories in Europe from Fingen SPA, a holding company controlled by Corrado and Marcello Fratini of Florence, Italy, for euro 240 million ($286 million based on current exchange rates), subject to certain adjustments for working capital. Calvin Klein, Inc., the licensor of the businesses being acquired, is a minority shareholder of certain of the entities being acquired. Calvin Klein, discount sac Michael Kors Inc. is a wholly owned subsidiary of Phillips-Van Heusen Corporation [NYSE: PVH]. Warnaco will fund the acquisition using a combination of cash on hand and borrowings under a new committed credit facility. The acquired licenses between Warnaco and Calvin Klein, Inc. will have 40-year terms. Additionally, beginning in 2008 and continuing through December 2013, Warnaco will assume the license for Calvin Klein men’s and women’s Collection apparel and accessories worldwide from Fingen. The transaction is expected to close in the first quarter of 2006, upon receipt…