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Emanuel Chirico Hunts for PVH Deal in Stronger M&A Market

Tommy Hilfiger and Calvin Klein drove PVH Corp. to strong first-quarter gains — and Emanuel Chirico said the dealmaking market is improving as he looks for a third brand to shift the company into a higher gear. Chirico, chairman and chief executive officer of PVH, told WWD that the mergers and acquisitions market has “settled” from a valuation standpoint and that the industry would see more deals this year than it did in 2017. “I don’t think things are cheap by any means if you look just at valuations on a historical basis,” Chirico said. But Chirico, who rolled both Tommy Hilfiger and Warnaco into PVH as ceo and earlier helped reel in Calvin Klein added: “Right now, given how the industry ended last year fairly strong, coming into this year strong, I think it sets up well for the kinds of acquisitions you might see as you go forward. We’d love to make another transaction. We look at the world around us and feel like we’re outperforming, we’re gaining market share. If we could find a third leg to the stool, another brand that could fit into our profile and give us global growth, that’s something we’d like to do. We’re working

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