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twitterPhillips-Van Heusen, Calvin Klein in $430 million deal
Wednesday, Dec. 18, 2002 | 9:32 a.m.
NEW YORK -- Phillips-Van Heusen Corp., maker of staid men's dress shirts, is looking for a redesign of its own by buying flashy design house Calvin Klein Inc.
The $430 million deal annoounced Tuesday offers Phillips-Van Heusen an avenue to expand from conservative men's clothes with the help of Calvin Klein, known for its edgy designs and provocative advertising.
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