PVH Corp and funds advised by Apax Partners has completed its acquisition of TH Asia for $172m.

PVH Corp, a clothing company, and funds advised by Apax Partners has completed its acquisition of TH Asia, their joint venture for Tommy Hilfiger in China for $172m. “Today’s announcement represents a significant development for our Company as we continue to execute against our key strategic priorities and demonstrates our commitment to making strategic investments to support the long term growth of PVH and our Tommy Hilfiger business. This transaction enables the Tommy Hilfiger business to directly operate its fastest growing market, while leveraging our well-established infrastructure in Asia, our regional leadership expertise and strong brand momentum across both our Tommy Hilfiger and Calvin Klein businesses in the region.” Emanuel Chirico, PVH Corp Chairman and Chief Executive Officer.