The cloth maker Tommy Hilfiger was sold to Van Heusen. Van Heusen bought it from the private equity firm. The deal was completed for $3 billion between the Tommy Hilfiger and Van HEUSEN. The brands were added to the Van Heusen calve in Klein and Izo lines. The shares of Van Heusen increased in the New York trading.

The Apax partner will get 1.92 in cash and stock from Phillips. The statement was submitted on Monday the stock was worth 276 million. The Apax was bought by Tommy Hilfiger for $1.6 billion during 2006.As much as 8% accelerate revenue growth due to the purchase. The information was confirmed by the CEO Emanuel Chirico.

The revenue (two thirds) of Tommy Hilfiger comes from outside US. The annul sales of the two companies will be around $4.6 billion. The plans of extending some of their brands in Europe will happen soon. The analyst from JP Morgan Chase Chris Kim announced on Monday. The Van Hilfiger has a better expertise in the domestic market. The mass channel and department store sphere will help to manage better.