PVH completed the acquisition of Gazal for $85m.

PVH, an American clothing company, completed the acquisition of Gazal, an Australian branded clothing company, for $85m. “Our decision to acquire Gazal is aligned with PVH’s strategic priority to expand our worldwide reach by assuming more direct control over our brands’ regional licensed businesses. By joining forces now, we believe we’re well positioned to capture the significant growth in the Australia and New Zealand markets. We are pleased to welcome Gazal into our PVH family and continue driving our business forward together,” Emanuel Chirico, PVH Chairman and CEO.