LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Calvin Klein buying back European licenses
(Reuters) - PVH Corp's (PVH.N) Calvin Klein unit is reacquiring licenses held by Warnaco Group Inc WRC.N so it can further build up the brand in Europe starting in 2013.
PVH, which also owns the Tommy Hilfiger brand, said in a statement on Monday that its European infrastructure would help develop the Calvin Klein brand there, and that ck Calvin Klein's European business could reach sales of $500 million within five to seven years.
The licenses held by Warnaco cover the distribution and sale of ck Calvin Klein clothing and accessories in Europe as well as the operation of retail stores there.
(Reporting By Phil Wahba; Editing by Gerald E. McCormick)
- Tweet this
- Share this
- Digg this