G-III to buy GH Bass from PVH
03/10/2013
US-based apparel company PVH Corp (PVH) says it will sell almost all the assets of shoe brand GH Bass assets to clothing company G-III Apparel for approximately $50 million.
The decision has been attributed to a desire on PVH’s part to focus on its lifestyle apparel businesses including Tommy Hilfiger and Calvin Klein. PVH acquired the footwear brand for $79 million in 1987.
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