Basic Resources to acquire the Warners, Olga and True & Co businesses of PVH for $170m.

Basic Resources, a private, family-owned organization that manufactures and distributes apparel for leading consumer brands, agreed to acquire the Warners, Olga and True & Co businesses of PVH, an American clothing company, for $170m. “This transaction is an important next step as we continue to accelerate our focus under the PVH+ Plan to build our core brands, Calvin Klein and TOMMY HILFIGER, into the most desirable lifestyle brands in the world,” Stefan Larsson, PVH CEO.