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PVH to buy Warnaco Group

Local facilities employ about 260

November 1, 2012
By The Associated Press , The Altoona Mirror

PVH Corp., whose brands include Calvin Klein and Tommy Hilfiger, has agreed to buy rival clothier The Warnaco Group Inc. in a cash-and-stock deal worth about $2.9 billion. The deal would create one of the world's largest clothing companies and cement PVH's control of the Calvin Klein clothing brand.

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